Tiptree Financial Inc. (NASDAQ:TIPT) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in Tiptree Financial Inc. (NASDAQ:TIPT) by 23.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 36,692 shares of the financial services provider’s stock after selling 11,373 shares during the period. Rhumbline Advisers owned about 0.10% of Tiptree Financial worth $884,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Group One Trading LLC increased its holdings in Tiptree Financial 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 purchasing an additional 3,856 shares during the last quarter. GAMMA Investing LLC boosted its position in Tiptree Financial by 10,791.3% in the 1st quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider’s stock valued at $60,000 after buying an additional 2,482 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Tiptree Financial in the 4th quarter valued at approximately $83,000. Aquatic Capital Management LLC purchased a new position in Tiptree Financial in the 4th quarter valued at approximately $85,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in Tiptree Financial in the 4th quarter valued at approximately $200,000. Institutional investors and hedge funds own 37.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Tiptree Financial Stock Up 1.2%

Shares of TIPT stock opened at $22.98 on Friday. Tiptree Financial Inc. has a 52 week low of $15.60 and a 52 week high of $26.90. The stock has a market capitalization of $861.68 million, a PE ratio of 19.15 and a beta of 1.15. The firm has a 50 day moving average of $22.20 and a two-hundred day moving average of $21.62.

Tiptree Financial (NASDAQ:TIPT) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.49 EPS for the quarter. Tiptree Financial had a net margin of 2.45% and a return on equity of 13.87%. The company had revenue of $497.43 million during the quarter.

Tiptree Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were given a $0.06 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.24 annualized dividend and a yield of 1.04%. Tiptree Financial’s dividend payout ratio is presently 20.00%.

Tiptree Financial Company 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.