Vanguard Group Inc. Acquires 3,441 Shares of Tiptree Inc. (NASDAQ:TIPT)

Vanguard Group Inc. grew its holdings in Tiptree Inc. (NASDAQ:TIPT) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,102,216 shares of the financial services provider’s stock after buying an additional 3,441 shares during the quarter. Vanguard Group Inc.’s holdings in Tiptree were worth $18,473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TIPT. Tower Research Capital LLC TRC raised its position in Tiptree by 183.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,704 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,102 shares during the period. Credit Suisse AG bought a new stake in Tiptree in the second quarter valued at approximately $32,000. Acadian Asset Management LLC purchased a new stake in shares of Tiptree during the first quarter valued at approximately $44,000. Cubist Systematic Strategies LLC increased its stake in shares of Tiptree by 252.0% in the second quarter. Cubist Systematic Strategies LLC now owns 5,924 shares of the financial services provider’s stock worth $63,000 after buying an additional 4,241 shares during the period. Finally, State of Wyoming raised its holdings in Tiptree by 73.2% during the 4th quarter. State of Wyoming now owns 5,502 shares of the financial services provider’s stock valued at $76,000 after buying an additional 2,326 shares during the last quarter. 37.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tiptree

In other news, CEO Jonathan Ilany bought 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of $16.95 per share, with a total value of $49,155.00. Following the transaction, the chief executive officer now directly owns 190,471 shares in the company, valued at $3,228,483.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 31.78% of the company’s stock.

Tiptree Price Performance

TIPT opened at $15.85 on Monday. Tiptree Inc. has a one year low of $12.12 and a one year high of $20.80. The business has a 50 day simple moving average of $17.00 and a two-hundred day simple moving average of $17.57. The firm has a market capitalization of $582.66 million, a price-to-earnings ratio of 49.53 and a beta of 1.19.

Tiptree (NASDAQ:TIPT) last announced its earnings results on Wednesday, February 28th. The financial services provider reported $0.20 EPS for the quarter. The company had revenue of $446.37 million during the quarter. Tiptree had a return on equity of 11.10% and a net margin of 0.85%.

Tiptree Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 11th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from Tiptree’s previous quarterly dividend of $0.05. Tiptree’s dividend payout ratio is 75.00%.

Analyst Ratings Changes

Separately, TheStreet cut shares of Tiptree from a “b-” rating to a “c+” rating in a research report on Friday, December 29th.

About Tiptree

Tiptree Inc, through its subsidiaries, provides specialty insurance products and related services primarily in the United States. It operates through two segments: Insurance and Mortgage. The company offers niche; commercial lines insurance products, including professional liability, general liability, contractual liability protection, property and other short-tail, and alternative risks insurance products; and personal lines insurance products, such as credit protection surrounding loan payments.