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

Jane Street Group LLC trimmed its position in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 97.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,892 shares of the financial services provider's stock after selling 348,135 shares during the period. Jane Street Group LLC's holdings in Tiptree were worth $227,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Tectonic Advisors LLC raised its stake in Tiptree by 6.0% in the fourth quarter. Tectonic Advisors LLC now owns 29,158 shares of the financial services provider's stock valued at $608,000 after buying an additional 1,662 shares in the last quarter. Empowered Funds LLC raised its stake in Tiptree by 5.1% in the fourth quarter. Empowered Funds LLC now owns 118,413 shares of the financial services provider's stock valued at $2,470,000 after buying an additional 5,719 shares in the last quarter. Rhumbline Advisers raised its stake in Tiptree by 28.0% in the fourth quarter. Rhumbline Advisers now owns 48,065 shares of the financial services provider's stock valued at $1,003,000 after buying an additional 10,505 shares in the last quarter. Meixler Investment Management Ltd. acquired a new stake in Tiptree in the fourth quarter valued at $569,000. Finally, Atria Wealth Solutions Inc. raised its stake in Tiptree by 5.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 18,680 shares of the financial services provider's stock valued at $390,000 after buying an additional 1,000 shares in the last quarter. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Tiptree Trading Down 0.1%

Shares of NASDAQ TIPT traded down $0.02 during midday trading on Monday, reaching $22.58. 130,250 shares of the company were exchanged, compared to its average volume of 103,161. Tiptree Inc. has a 1 year low of $15.60 and a 1 year high of $26.90. The stock has a fifty day simple moving average of $21.96 and a 200 day simple moving average of $21.57. The stock has a market cap of $846.68 million, a P/E ratio of 23.28 and a beta of 1.15.

Tiptree (NASDAQ:TIPT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%. The firm had revenue of $497.43 million for the quarter.

Tiptree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Monday, May 12th. Tiptree's dividend payout ratio is currently 20.00%.

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.