Tiptree Financial Inc. $TIPT Shares Sold by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC reduced its stake in Tiptree Financial Inc. by 13.8% in Q1, now holding 83,156 shares valued at approximately $2 million.
• Wall Street Zen upgraded Tiptree Financial from a "hold" to a "buy" rating, suggesting optimism about the company's future performance.
• Tiptree Financial recently declared a quarterly dividend of $0.06 per share, reflecting a 1.0% yield and a payout ratio of 19.05%.

Ancora Advisors LLC decreased its holdings in shares of Tiptree Financial Inc. (NASDAQ:TIPT - Free Report) by 13.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 83,156 shares of the financial services provider's stock after selling 13,337 shares during the period. Ancora Advisors LLC owned 0.22% of Tiptree Financial worth $2,003,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. OneDigital Investment Advisors LLC grew 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. boosted its stake in 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 purchasing an additional 608 shares in the last quarter. CWM LLC lifted its stake in Tiptree Financial by 86.7% during the 1st quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 713 shares during the period. Royal Bank of Canada lifted its stake in Tiptree Financial by 8.3% during the 1st quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider's stock valued at $243,000 after acquiring an additional 775 shares during the period. Finally, Trexquant Investment LP lifted its stake in Tiptree Financial by 16.2% during the 1st quarter. Trexquant Investment LP now owns 15,361 shares of the financial services provider's stock valued at $370,000 after acquiring an additional 2,140 shares during the period. Hedge funds and other institutional investors own 37.78% of the company's stock.

Analyst Ratings Changes

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

Tiptree Financial Stock Performance

Shares of TIPT traded down $0.21 during trading hours on Wednesday, hitting $22.75. The stock had a trading volume of 3,908 shares, compared to its average volume of 148,367. The firm has a 50-day moving average price of $22.14 and a 200 day moving average price of $22.37. Tiptree Financial Inc. has a fifty-two week low of $18.25 and a fifty-two week high of $26.90. The firm has a market capitalization of $852.94 million, a price-to-earnings ratio of 18.12 and a beta of 1.23.

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

Tiptree Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were given a dividend of $0.06 per share. The ex-dividend date was Monday, August 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.1%. Tiptree Financial's dividend payout ratio is currently 19.05%.

Tiptree Financial 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.