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

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.

Tiptree 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.

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