UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $847,000 Position in Tiptree Inc. (NASDAQ:TIPT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Tiptree Inc. (NASDAQ:TIPT) by 24.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 43,300 shares of the financial services provider’s stock after selling 13,866 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Tiptree were worth $847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TIPT. Millennium Management LLC grew its position in shares of Tiptree by 58.7% in the second quarter. Millennium Management LLC now owns 205,416 shares of the financial services provider’s stock valued at $3,387,000 after purchasing an additional 75,943 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Tiptree by 166.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 183,552 shares of the financial services provider’s stock valued at $3,592,000 after purchasing an additional 114,568 shares during the period. Bank of New York Mellon Corp grew its holdings in Tiptree by 11.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 114,595 shares of the financial services provider’s stock valued at $1,890,000 after buying an additional 11,901 shares in the last quarter. GSA Capital Partners LLP increased its position in Tiptree by 4.2% during the 3rd quarter. GSA Capital Partners LLP now owns 84,854 shares of the financial services provider’s stock worth $1,661,000 after buying an additional 3,383 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in shares of Tiptree during the second quarter worth $859,000. 37.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Tiptree from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st.

Tiptree Stock Down 0.9 %

Shares of NASDAQ:TIPT opened at $20.17 on Friday. Tiptree Inc. has a 12-month low of $14.96 and a 12-month high of $24.09. The company’s 50 day moving average price is $21.22 and its two-hundred day moving average price is $19.27. The firm has a market cap of $747.42 million, a PE ratio of 20.79 and a beta of 1.31.

Tiptree Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 11th. Tiptree’s dividend payout ratio (DPR) is presently 24.74%.

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.