Tiptree Financial Inc. (NASDAQ:TIPT) Shares Sold by Heartland Advisors Inc.

Key Points

• Heartland Advisors Inc. has reduced its stake in Tiptree Financial Inc. by 7.7%, selling 25,000 shares and now holding 300,000 shares valued at approximately $7.2 million.
• Many institutional investors have increased their holdings in Tiptree Financial, with GAMMA Investing LLC significantly boosting its stake by over 10,791% in the most recent quarter.
• Tiptree Financial recently declared a quarterly dividend of $0.06 per share, equating to a 1.11% dividend yield, and reported earnings with a net margin of 2.45% for the last quarter.

Heartland Advisors Inc. lessened its stake in Tiptree Financial Inc. (NASDAQ:TIPT - Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 300,000 shares of the financial services provider's stock after selling 25,000 shares during the period. Heartland Advisors Inc. owned 0.81% of Tiptree Financial worth $7,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC grew its stake in Tiptree Financial by 86.7% in the first quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 713 shares during the last quarter. Group One Trading LLC grew its stake in shares of Tiptree Financial by 192.8% during the fourth quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider's stock worth $39,000 after acquiring an additional 3,856 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Tiptree Financial by 10,791.3% during the first quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider's stock worth $60,000 after acquiring an additional 2,482 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Tiptree Financial during the fourth quarter worth about $83,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Tiptree Financial during the fourth quarter worth about $85,000. Hedge funds and other institutional investors own 37.78% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Tiptree Financial from a "buy" rating to a "hold" rating in a report on Monday, May 5th.

Tiptree Financial Price Performance

TIPT stock traded up $0.29 during midday trading on Monday, hitting $21.83. 356,831 shares of the stock traded hands, compared to its average volume of 154,152. The stock's fifty day simple moving average is $22.41 and its 200-day simple moving average is $21.87. Tiptree Financial Inc. has a 1-year low of $17.07 and a 1-year high of $26.90. The firm has a market cap of $818.63 million, a P/E ratio of 18.19 and a beta of 1.14.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.49 EPS for the quarter. The business had revenue of $497.43 million during the quarter. Tiptree Financial had a return on equity of 13.87% and a net margin of 2.45%.

Tiptree Financial Dividend Announcement

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

Tiptree Financial 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.