Brown Advisory Inc. Invests $420,000 in Trupanion, Inc. (NASDAQ:TRUP)

Brown Advisory Inc. acquired a new position in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,265 shares of the financial services provider's stock, valued at approximately $420,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Amundi raised its position in Trupanion by 193.2% in the fourth quarter. Amundi now owns 16,828 shares of the financial services provider's stock valued at $784,000 after purchasing an additional 11,088 shares during the last quarter. Vanguard Group Inc. raised its position in Trupanion by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,596,725 shares of the financial services provider's stock valued at $173,362,000 after purchasing an additional 45,653 shares during the last quarter. Palisade Capital Management LP grew its position in shares of Trupanion by 36.7% in the 1st quarter. Palisade Capital Management LP now owns 244,354 shares of the financial services provider's stock valued at $9,107,000 after buying an additional 65,653 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Trupanion by 112.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 273,910 shares of the financial services provider's stock valued at $13,204,000 after buying an additional 144,828 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Trupanion by 9.0% in the 4th quarter. Northern Trust Corp now owns 368,236 shares of the financial services provider's stock valued at $17,749,000 after buying an additional 30,549 shares during the last quarter.

Insiders Place Their Bets

In related news, CFO Fawwad Qureshi sold 2,534 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $48.31, for a total transaction of $122,417.54. Following the completion of the sale, the chief financial officer directly owned 3,545 shares of the company's stock, valued at $171,258.95. The trade was a 41.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Margaret Tooth sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $45.86, for a total value of $183,440.00. Following the completion of the sale, the chief executive officer owned 118,784 shares in the company, valued at $5,447,434.24. This represents a 3.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,562 shares of company stock valued at $678,230 over the last 90 days. 5.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Lake Street Capital cut their price objective on shares of Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Piper Sandler boosted their price objective on Trupanion from $52.00 to $62.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $53.80.

Trupanion Stock Up 0.8%

Shares of NASDAQ:TRUP traded up $0.43 during trading on Friday, hitting $51.16. The company's stock had a trading volume of 503,770 shares, compared to its average volume of 614,876. Trupanion, Inc. has a fifty-two week low of $29.70 and a fifty-two week high of $57.90. The business has a 50 day moving average price of $50.28 and a two-hundred day moving average price of $43.85. The company has a market capitalization of $2.19 billion, a PE ratio of -511.55 and a beta of 1.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.70 and a current ratio of 1.70.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. Trupanion had a negative net margin of 0.32% and a negative return on equity of 1.33%. The company had revenue of $341.98 million for the quarter, compared to analyst estimates of $337.81 million. During the same quarter last year, the business earned ($0.16) EPS. Trupanion's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts expect that Trupanion, Inc. will post 0.13 EPS for the current fiscal year.

Trupanion Profile

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.