Kingsview Wealth Management LLC Makes New $287,000 Investment in Tiptree Financial Inc. (NASDAQ:TIPT)

Kingsview Wealth Management LLC bought a new position in shares of Tiptree Financial Inc. (NASDAQ:TIPT - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,929 shares of the financial services provider's stock, valued at approximately $287,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in Tiptree Financial by 86.7% during the first quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock worth $37,000 after acquiring an additional 713 shares in the last quarter. Group One Trading LLC raised its stake in shares of Tiptree Financial by 192.8% in the 4th quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 3,856 shares during the period. GAMMA Investing LLC raised its stake in shares of Tiptree Financial by 10,791.3% in the 1st quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 2,482 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Tiptree Financial in the 4th quarter valued at about $83,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Tiptree Financial in the 4th quarter valued at about $85,000. 37.78% of the stock is currently owned by institutional investors.

Tiptree Financial Price Performance

Shares of TIPT traded up $0.03 during midday trading on Friday, hitting $21.54. The stock had a trading volume of 73,382 shares, compared to its average volume of 221,947. Tiptree Financial Inc. has a twelve month low of $17.07 and a twelve month high of $26.90. The company has a 50 day simple moving average of $22.41 and a two-hundred day simple moving average of $21.85. The firm has a market cap of $807.69 million, a price-to-earnings ratio of 17.95 and a beta of 1.14.

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

Tiptree Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors 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 1.11%. The ex-dividend date was Monday, May 12th. Tiptree Financial's dividend payout ratio is currently 20.00%.

Analyst Ratings Changes

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

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.