Tiptree Inc. (NASDAQ:TIPT) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in shares of Tiptree Inc. (NASDAQ:TIPT) by 31.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,087 shares of the financial services provider’s stock after buying an additional 3,403 shares during the quarter. Wells Fargo & Company MN’s holdings in Tiptree were worth $294,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TIPT. Barclays PLC raised its holdings in shares of Tiptree by 74.2% during the third quarter. Barclays PLC now owns 72,745 shares of the financial services provider’s stock valued at $1,424,000 after buying an additional 30,985 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Tiptree by 55.9% during the third quarter. JPMorgan Chase & Co. now owns 79,202 shares of the financial services provider’s stock valued at $1,550,000 after acquiring an additional 28,400 shares during the period. Sanders Morris Harris LLC raised its holdings in Tiptree by 66.7% during the fourth quarter. Sanders Morris Harris LLC now owns 25,000 shares of the financial services provider’s stock worth $518,000 after purchasing an additional 10,000 shares in the last quarter. SG Americas Securities LLC lifted its position in Tiptree by 23.5% in the fourth quarter. SG Americas Securities LLC now owns 15,485 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 2,944 shares during the period. Finally, Hodges Capital Management Inc. boosted its stake in Tiptree by 35.5% during the 4th quarter. Hodges Capital Management Inc. now owns 168,853 shares of the financial services provider’s stock valued at $3,522,000 after purchasing an additional 44,269 shares in the last quarter. Institutional investors own 37.78% of the company’s stock.

Tiptree Price Performance

TIPT stock opened at $21.44 on Wednesday. The firm has a market capitalization of $798.83 million, a P/E ratio of 22.10 and a beta of 1.16. Tiptree Inc. has a 52-week low of $15.60 and a 52-week high of $26.90. The company’s 50 day simple moving average is $22.57 and its 200-day simple moving average is $21.39.

Tiptree (NASDAQ:TIPT) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.49 EPS for the quarter. The business had revenue of $497.43 million for the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.50%.

Tiptree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, May 12th. This represents a $0.24 annualized dividend and a yield of 1.12%. Tiptree’s dividend payout ratio is 20.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Tiptree from a “buy” rating to a “hold” rating in a research note on Monday.

Tiptree Profile

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.