American Century Companies Inc. Takes Position in Tiptree Financial Inc. $TIPT

Key Points

• American Century Companies Inc. acquired 24,376 shares of Tiptree Financial Inc., valued at approximately $587,000, representing about 0.07% of the company.
• Multiple hedge funds, including CWM LLC and GAMMA Investing LLC, have significantly increased their stakes in Tiptree Financial, indicating growing institutional interest.
• Wall Street analysts recently upgraded Tiptree Financial from a "hold" rating to a "buy" rating, reflecting optimism about the company's future performance.

American Century Companies Inc. bought a new stake in Tiptree Financial Inc. (NASDAQ:TIPT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,376 shares of the financial services provider's stock, valued at approximately $587,000. American Century Companies Inc. owned 0.07% of Tiptree Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TIPT. OneDigital Investment Advisors LLC lifted its position in shares of Tiptree Financial by 3.3% in the 1st quarter. OneDigital Investment Advisors LLC now owns 16,777 shares of the financial services provider's stock worth $404,000 after buying an additional 543 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Tiptree Financial by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,431 shares of the financial services provider's stock worth $301,000 after acquiring an additional 608 shares during the period. CWM LLC increased its holdings in shares of Tiptree Financial by 86.7% in the 1st quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock worth $37,000 after acquiring an additional 713 shares during the period. Tectonic Advisors LLC increased its stake in Tiptree Financial by 8.2% during the 1st quarter. Tectonic Advisors LLC now owns 31,545 shares of the financial services provider's stock valued at $760,000 after buying an additional 2,387 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Tiptree Financial by 10,791.3% in 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. 37.78% of the stock is currently owned by hedge funds and other institutional investors.

Tiptree Financial Stock Performance

Shares of NASDAQ:TIPT traded up $0.25 on Wednesday, hitting $23.20. The stock had a trading volume of 32,029 shares, compared to its average volume of 148,527. The firm's 50 day moving average price is $22.14 and its 200-day moving average price is $22.37. Tiptree Financial Inc. has a twelve month low of $18.25 and a twelve month high of $26.90. The company has a market capitalization of $869.81 million, a price-to-earnings ratio of 18.37 and a beta of 1.23.

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

Tiptree Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, August 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.0%. Tiptree Financial's payout ratio is currently 19.05%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Tiptree Financial from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd.

About Tiptree Financial

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.