Caption Management LLC Sells 96,732 Shares of Tiptree Inc. (NASDAQ:TIPT)

Caption Management LLC trimmed its stake in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 92.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,168 shares of the financial services provider's stock after selling 96,732 shares during the period. Caption Management LLC's holdings in Tiptree were worth $170,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Tiptree by 74.2% during the 3rd quarter. Barclays PLC now owns 72,745 shares of the financial services provider's stock valued at $1,424,000 after purchasing an additional 30,985 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Tiptree by 55.9% in the third quarter. JPMorgan Chase & Co. now owns 79,202 shares of the financial services provider's stock worth $1,550,000 after buying an additional 28,400 shares in the last quarter. Sanders Morris Harris LLC boosted its stake in Tiptree by 66.7% during the fourth quarter. Sanders Morris Harris LLC now owns 25,000 shares of the financial services provider's stock valued at $518,000 after buying an additional 10,000 shares during the last quarter. SG Americas Securities LLC grew its holdings in Tiptree by 23.5% during the 4th quarter. SG Americas Securities LLC now owns 15,485 shares of the financial services provider's stock valued at $323,000 after buying an additional 2,944 shares in the last quarter. Finally, Hodges Capital Management Inc. grew its holdings in Tiptree by 35.5% during the 4th quarter. Hodges Capital Management Inc. now owns 168,853 shares of the financial services provider's stock valued at $3,522,000 after buying an additional 44,269 shares in the last quarter. 37.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Tiptree from a "buy" rating to a "hold" rating in a report on Monday, May 5th.

Tiptree Stock Up 1.2%

Tiptree stock traded up $0.25 during mid-day trading on Tuesday, reaching $21.82. 41,356 shares of the company's stock traded hands, compared to its average volume of 140,719. Tiptree Inc. has a 12-month low of $15.60 and a 12-month high of $26.90. The stock has a 50 day moving average of $22.46 and a two-hundred day moving average of $21.45. The company has a market cap of $812.99 million, a price-to-earnings ratio of 22.49 and a beta of 1.16.

Tiptree (NASDAQ:TIPT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.50%. The firm had revenue of $497.43 million for the quarter.

Tiptree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 12th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Monday, May 12th. Tiptree's dividend payout ratio (DPR) is presently 20.00%.

About Tiptree

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.