Tiptree (NASDAQ:TIPT) Stock Passes Below 200-Day Moving Average – What’s Next?

Tiptree Inc. (NASDAQ:TIPT) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.64 and traded as low as $19.20. Tiptree shares last traded at $19.55, with a volume of 111,407 shares traded.

Wall Street Analyst Weigh In

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

Tiptree Price Performance

The company has a market cap of $724.44 million, a price-to-earnings ratio of 20.15 and a beta of 1.32. The stock has a 50-day moving average price of $21.37 and a 200 day moving average price of $19.64.

Tiptree Announces Dividend

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

Institutional Investors Weigh In On Tiptree

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Algert Global LLC increased its holdings in Tiptree by 1.2% during the 3rd quarter. Algert Global LLC now owns 47,629 shares of the financial services provider’s stock worth $932,000 after purchasing an additional 570 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of Tiptree by 2.8% during the third quarter. Tectonic Advisors LLC now owns 27,496 shares of the financial services provider’s stock worth $538,000 after buying an additional 737 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Tiptree by 8.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 17,185 shares of the financial services provider’s stock valued at $336,000 after buying an additional 1,314 shares during the last quarter. FMR LLC lifted its stake in Tiptree by 43.1% in the 3rd quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its position in Tiptree by 1.2% during the 3rd quarter. Hodges Capital Management Inc. now owns 124,584 shares of the financial services provider’s stock worth $2,438,000 after acquiring an additional 1,529 shares during the last quarter. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Tiptree 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.