Tiptree Financial Inc. $TIPT Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC lifted its holdings in shares of Tiptree Financial Inc. (NASDAQ:TIPT) by 28.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,981 shares of the financial services provider’s stock after buying an additional 6,186 shares during the quarter. Voya Investment Management LLC owned approximately 0.07% of Tiptree Financial worth $674,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TIPT. CWM LLC boosted its holdings in Tiptree Financial by 86.7% during the 1st quarter. CWM LLC now owns 1,535 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 713 shares during the period. GAMMA Investing LLC increased its position in Tiptree Financial by 10,791.3% during the first quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider’s stock worth $60,000 after buying an additional 2,482 shares during the period. Quantbot Technologies LP acquired a new position in shares of Tiptree Financial in the first quarter valued at approximately $89,000. Strs Ohio acquired a new position in shares of Tiptree Financial in the first quarter valued at approximately $99,000. Finally, Royal Bank of Canada increased its holdings in shares of Tiptree Financial by 8.3% in the first quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 775 shares during the period. 37.78% of the stock is currently owned by hedge funds and other institutional investors.

Tiptree Financial Stock Down 15.2%

Shares of NASDAQ:TIPT opened at $20.18 on Friday. Tiptree Financial Inc. has a 52-week low of $18.25 and a 52-week high of $27.41. The stock’s fifty day simple moving average is $22.54 and its 200-day simple moving average is $22.48. The company has a market capitalization of $756.75 million, a P/E ratio of 16.02 and a beta of 1.23.

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

Tiptree Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, August 18th. Tiptree Financial’s payout ratio is presently 19.05%.

Analyst Ratings Changes

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

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.