Free Trial

Jane Street Group LLC Reduces Holdings in Tiptree Inc. (NASDAQ:TIPT)

Tiptree logo with Finance background

Jane Street Group LLC lowered its holdings in Tiptree Inc. (NASDAQ:TIPT - Free Report) by 97.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,892 shares of the financial services provider's stock after selling 348,135 shares during the quarter. Jane Street Group LLC's holdings in Tiptree were worth $227,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Tiptree during the 4th quarter valued at about $83,000. Aquatic Capital Management LLC acquired a new stake in Tiptree in the 4th quarter valued at approximately $85,000. Price T Rowe Associates Inc. MD acquired a new stake in Tiptree in the 4th quarter valued at approximately $200,000. Trexquant Investment LP grew its stake in shares of Tiptree by 24.9% in the fourth quarter. Trexquant Investment LP now owns 13,221 shares of the financial services provider's stock worth $276,000 after acquiring an additional 2,635 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Tiptree by 31.9% during the 4th quarter. Wells Fargo & Company MN now owns 14,087 shares of the financial services provider's stock worth $294,000 after purchasing an additional 3,403 shares during the last quarter. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Tiptree Stock Up 0.6%

Tiptree stock opened at $22.31 on Friday. Tiptree Inc. has a 52-week low of $15.60 and a 52-week high of $26.90. The firm has a fifty day moving average of $22.02 and a 200-day moving average of $21.56. The firm has a market capitalization of $836.56 million, a P/E ratio of 23.00 and a beta of 1.16.

Tiptree (NASDAQ:TIPT - Get Free Report) last posted its quarterly earnings results 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 had a net margin of 2.05% and a return on equity of 11.50%.

Tiptree Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.08%. The ex-dividend date was Monday, May 12th. Tiptree's dividend payout ratio is 20.00%.

Analysts Set New Price Targets

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

View Our Latest Analysis on TIPT

Tiptree Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding TIPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tiptree Inc. (NASDAQ:TIPT - Free Report).

Institutional Ownership by Quarter for Tiptree (NASDAQ:TIPT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Tiptree Right Now?

Before you consider Tiptree, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tiptree wasn't on the list.

While Tiptree currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Congress Is Pouring Millions Into These 6 Surprising Stocks
3 Dirt-Cheap Stocks in a Market That’s Getting Expensive
Top 3 Defense Stocks to Profit From $175 Billion Golden Dome

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines