Royce & Associates LP Reduces Holdings in Tiptree Financial Inc. (NASDAQ:TIPT)

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 decreased its position in Tiptree Financial Inc. (NASDAQ:TIPT - Free Report) by 18.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 429,297 shares of the financial services provider's stock after selling 94,950 shares during the period. 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 and hedge funds also recently made changes to their positions in TIPT. CWM LLC raised its stake in Tiptree Financial by 86.7% in the 1st quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 713 shares during the period. Group One Trading LLC raised its stake in 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 acquiring an additional 3,856 shares during the period. GAMMA Investing LLC raised its stake in 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 acquiring an additional 2,482 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Tiptree Financial in the 4th quarter valued at $83,000. Finally, Aquatic Capital Management LLC acquired a new position in Tiptree Financial in the 4th quarter valued at $85,000. Institutional investors own 37.78% of the company's stock.

Tiptree Financial Stock Performance

Shares of TIPT traded up $0.34 during mid-day trading on Monday, reaching $21.88. 207,421 shares of the company were exchanged, compared to its average volume of 153,044. Tiptree Financial Inc. has a 52 week low of $17.07 and a 52 week high of $26.90. The stock has a market capitalization of $820.31 million, a PE ratio of 18.23 and a beta of 1.14. The business has a 50 day simple moving average of $22.41 and a two-hundred day simple moving average of $21.87.

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

Tiptree Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.24 annualized dividend and a yield of 1.10%. Tiptree Financial's dividend payout ratio is currently 20.00%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered 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.