Nuveen Asset Management LLC Grows Stock Position in Tiptree Inc. (NASDAQ:TIPT)

Nuveen Asset Management LLC increased its stake in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,973 shares of the financial services provider's stock after acquiring an additional 12,160 shares during the period. Nuveen Asset Management LLC owned about 0.56% of Tiptree worth $4,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Tiptree by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,431 shares of the financial services provider's stock worth $301,000 after acquiring an additional 608 shares during the period. Group One Trading LLC grew its holdings in Tiptree by 192.8% in the fourth 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. Deutsche Bank AG grew its holdings in Tiptree by 57.0% in the fourth quarter. Deutsche Bank AG now owns 26,704 shares of the financial services provider's stock valued at $557,000 after purchasing an additional 9,691 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Tiptree by 23.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 56,592 shares of the financial services provider's stock valued at $1,181,000 after purchasing an additional 10,764 shares during the period. Finally, Bank of America Corp DE grew its holdings in Tiptree by 29.9% in the fourth quarter. Bank of America Corp DE now owns 49,932 shares of the financial services provider's stock valued at $1,042,000 after purchasing an additional 11,479 shares during the period. 37.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Tiptree Trading Down 2.6%

TIPT traded down $0.60 during trading on Wednesday, hitting $22.17. The company's stock had a trading volume of 115,651 shares, compared to its average volume of 102,686. Tiptree Inc. has a twelve month low of $15.60 and a twelve month high of $26.90. The business's fifty day simple moving average is $22.05 and its 200 day simple moving average is $21.55. The firm has a market capitalization of $831.31 million, a price-to-earnings ratio of 22.86 and a beta of 1.16.

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

Tiptree Dividend Announcement

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

Tiptree 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.