Tiptree Financial Inc. $TIPT Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. reduced its holdings in Tiptree Financial Inc. (NASDAQ:TIPT) by 37.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,330 shares of the financial services provider’s stock after selling 87,249 shares during the period. Goldman Sachs Group Inc. owned about 0.38% of Tiptree Financial worth $3,453,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TIPT. Northern Trust Corp boosted its holdings in shares of Tiptree Financial by 9.6% in the 4th quarter. Northern Trust Corp now owns 226,469 shares of the financial services provider’s stock valued at $4,724,000 after acquiring an additional 19,773 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Tiptree Financial by 29.9% in the 4th quarter. Bank of America Corp DE now owns 49,932 shares of the financial services provider’s stock valued at $1,042,000 after acquiring an additional 11,479 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Tiptree Financial by 23.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 56,592 shares of the financial services provider’s stock valued at $1,181,000 after acquiring an additional 10,764 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Tiptree Financial by 57.0% in the 4th quarter. Deutsche Bank AG now owns 26,704 shares of the financial services provider’s stock valued at $557,000 after acquiring an additional 9,691 shares during the last quarter. Finally, Group One Trading LLC boosted its holdings in Tiptree Financial by 192.8% during the fourth quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider’s stock worth $39,000 after buying an additional 3,856 shares in the last quarter. 37.78% of the stock is owned by hedge funds and other institutional investors.

Tiptree Financial Stock Up 3.3%

TIPT opened at $23.59 on Friday. The company has a market cap of $884.63 million, a price-to-earnings ratio of 18.72 and a beta of 1.23. Tiptree Financial Inc. has a 52-week low of $18.25 and a 52-week high of $26.90. The firm’s fifty day simple moving average is $22.32 and its two-hundred day simple moving average is $22.47.

Tiptree Financial (NASDAQ:TIPT) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $0.52 EPS for the quarter. The business had revenue of $528.75 million during the quarter. Tiptree Financial had a net margin of 2.77% and a return on equity of 13.90%.

Tiptree Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, August 18th. Tiptree Financial’s dividend payout ratio (DPR) is 19.05%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Tiptree Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd.

About Tiptree Financial

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.