Tiptree Financial Inc. $TIPT Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in Tiptree Financial Inc. by 7.1% during Q1, now holding 242,953 shares worth approximately $5.85 million.
• Tiptree Financial recently reported a net revenue of $528.75 million and an EPS of $0.52 for the quarter, with a return on equity of 13.90%.
• The company announced a dividend of $0.06 per share, reflecting an annualized yield of 1.0% and a payout ratio of 19.05%.

Invesco Ltd. decreased its holdings in shares of Tiptree Financial Inc. (NASDAQ:TIPT - Free Report) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 242,953 shares of the financial services provider's stock after selling 18,610 shares during the period. Invesco Ltd. owned approximately 0.65% of Tiptree Financial worth $5,853,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Tiptree Financial during the 4th quarter valued at approximately $642,000. Vanguard Group Inc. increased its holdings in shares of Tiptree Financial by 2.2% in the first quarter. Vanguard Group Inc. now owns 1,291,675 shares of the financial services provider's stock valued at $31,116,000 after purchasing an additional 28,373 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Tiptree Financial during the fourth quarter worth approximately $480,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Tiptree Financial during the fourth quarter worth approximately $436,000. Finally, Voleon Capital Management LP acquired a new stake in shares of Tiptree Financial during the fourth quarter worth $435,000. Institutional investors and hedge funds own 37.78% of the company's stock.

Tiptree Financial Price Performance

Shares of TIPT stock traded down $0.09 during trading hours on Monday, reaching $23.45. 73,738 shares of the company's stock were exchanged, compared to its average volume of 130,265. The company's 50 day moving average is $22.19 and its two-hundred day moving average is $22.25. The company has a market cap of $879.38 million, a P/E ratio of 18.61 and a beta of 1.23. Tiptree Financial Inc. has a 1 year low of $18.25 and a 1 year high of $26.90.

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. The firm had revenue of $528.75 million for the quarter. Tiptree Financial had a return on equity of 13.90% and a net margin of 2.77%.

Tiptree Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Tiptree Financial from a "hold" rating to a "buy" rating in a research note 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.