Tiptree (NASDAQ:TIPT) Stock Passes Below 200 Day Moving Average of $17.56

Tiptree Inc. (NASDAQ:TIPTGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.56 and traded as low as $17.21. Tiptree shares last traded at $17.47, with a volume of 77,715 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on TIPT. TheStreet lowered shares of Tiptree from a “b-” rating to a “c+” rating in a research report on Friday, December 29th. StockNews.com raised shares of Tiptree from a “hold” rating to a “buy” rating in a research report on Monday, November 27th.

View Our Latest Report on Tiptree

Tiptree Trading Up 1.0 %

The company has a market cap of $642.20 million, a P/E ratio of 54.60 and a beta of 1.20. The business’s 50 day simple moving average is $17.86 and its 200 day simple moving average is $17.56.

Tiptree (NASDAQ:TIPTGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $446.37 million for the quarter. Tiptree had a net margin of 0.85% and a return on equity of 11.10%.

Tiptree Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 11th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from Tiptree’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.37%. Tiptree’s dividend payout ratio (DPR) is 75.00%.

Insiders Place Their Bets

In other Tiptree news, General Counsel Neil Charles Rifkind sold 18,184 shares of Tiptree stock in a transaction on Monday, January 8th. The shares were sold at an average price of $19.54, for a total transaction of $355,315.36. Following the completion of the transaction, the general counsel now directly owns 16,641 shares of the company’s stock, valued at $325,165.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jonathan Ilany bought 2,900 shares of the stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of $16.95 per share, with a total value of $49,155.00. Following the completion of the purchase, the chief executive officer now owns 190,471 shares of the company’s stock, valued at $3,228,483.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Neil Charles Rifkind sold 18,184 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $19.54, for a total transaction of $355,315.36. Following the sale, the general counsel now directly owns 16,641 shares of the company’s stock, valued at $325,165.14. The disclosure for this sale can be found here. 31.34% of the stock is owned by insiders.

Institutional Trading of Tiptree

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of Tiptree by 183.1% in the first quarter. Tower Research Capital LLC TRC now owns 1,704 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,102 shares in the last quarter. Credit Suisse AG bought a new stake in shares of Tiptree in the second quarter valued at about $32,000. Acadian Asset Management LLC bought a new stake in shares of Tiptree in the first quarter valued at about $44,000. State of Wyoming raised its holdings in shares of Tiptree by 73.2% in the fourth quarter. State of Wyoming now owns 5,502 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 2,326 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Tiptree by 252.0% in the second quarter. Cubist Systematic Strategies LLC now owns 5,924 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 4,241 shares in the last quarter. 35.90% of the stock is currently owned by institutional investors.

About Tiptree

(Get Free Report)

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.

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