Tiptree Inc. (NASDAQ:TIPT) Shares Sold by Man Group plc

Man Group plc decreased its holdings in Tiptree Inc. (NASDAQ:TIPT) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,972 shares of the financial services provider’s stock after selling 2,045 shares during the period. Man Group plc’s holdings in Tiptree were worth $354,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Group One Trading LLC raised its holdings in Tiptree by 192.8% in the 4th quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 3,856 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Tiptree in the 4th quarter valued at about $83,000. Aquatic Capital Management LLC acquired a new stake in Tiptree in the 4th quarter valued at about $85,000. Price T Rowe Associates Inc. MD acquired a new stake in Tiptree in the 4th quarter valued at about $200,000. Finally, Trexquant Investment LP raised its holdings in Tiptree by 24.9% in the 4th quarter. Trexquant Investment LP now owns 13,221 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 2,635 shares during the last quarter. Institutional investors and hedge funds own 37.78% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Tiptree from a “buy” rating to a “hold” rating in a report on Monday, May 5th.

Tiptree Stock Performance

TIPT stock opened at $21.75 on Tuesday. The firm has a market cap of $815.56 million, a PE ratio of 22.42 and a beta of 1.16. The firm’s 50 day moving average price is $22.25 and its 200-day moving average price is $21.53. Tiptree Inc. has a one year low of $15.60 and a one year high of $26.90.

Tiptree (NASDAQ:TIPT) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.49 EPS for the quarter. The firm 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 was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Monday, May 12th. Tiptree’s payout ratio is presently 20.00%.

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.