Tiptree Financial Inc. (NASDAQ:TIPT) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP reduced its stake in Tiptree Financial Inc. by 18.1%, now owning 429,297 shares after selling 94,950 shares in the first quarter, valued at approximately $10.3 million.
• Several institutional investors have altered their holdings, with CWM LLC significantly increasing its stake by 86.7% in the first quarter, while GAMMA Investing LLC grew its holdings by an extraordinary 10,791.3%.
• Tiptree Financial reported earnings of $0.49 per share for the last quarter, with revenue of $497.43 million and a recently declared quarterly dividend of $0.06 per share, indicating a yield of 1.11%.

Royce & Associates LP cut its holdings in Tiptree Financial Inc. (NASDAQ:TIPT - Free Report) by 18.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 429,297 shares of the financial services provider's stock after selling 94,950 shares during the quarter. Royce & Associates LP owned about 1.15% of Tiptree Financial worth $10,342,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. CWM LLC increased its stake in shares of 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 during the period. Group One Trading LLC boosted its holdings in Tiptree Financial by 192.8% during the fourth quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider's stock worth $39,000 after buying an additional 3,856 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Tiptree Financial by 10,791.3% during the first quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider's stock worth $60,000 after buying an additional 2,482 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Tiptree Financial during the fourth quarter worth about $83,000. Finally, Aquatic Capital Management LLC purchased a new stake in Tiptree Financial during the fourth quarter worth about $85,000. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Tiptree Financial Stock Up 0.5%

Shares of TIPT traded up $0.11 on Tuesday, hitting $21.94. 17,018 shares of the stock traded hands, compared to its average volume of 153,134. The firm has a market capitalization of $822.90 million, a P/E ratio of 18.30 and a beta of 1.14. The stock's 50 day moving average is $22.40 and its two-hundred day moving average is $21.89. Tiptree Financial Inc. has a 1 year low of $17.07 and a 1 year high of $26.90.

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

Analysts Set New Price Targets

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

Tiptree Financial 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.