UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Holdings in Tiptree Inc. (NASDAQ:TIPT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Tiptree Inc. (NASDAQ:TIPT - Free Report) by 31.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,479 shares of the financial services provider's stock after selling 13,821 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.08% of Tiptree worth $615,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Nuveen Asset Management LLC lifted its stake in shares of Tiptree by 6.2% in the 4th quarter. Nuveen Asset Management LLC now owns 207,973 shares of the financial services provider's stock valued at $4,338,000 after purchasing an additional 12,160 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Tiptree by 9.6% in the 4th quarter. Northern Trust Corp now owns 226,469 shares of the financial services provider's stock valued at $4,724,000 after purchasing an additional 19,773 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Tiptree in the 4th quarter valued at approximately $480,000. Bank of America Corp DE lifted its stake in shares of Tiptree by 29.9% in the 4th 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 last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Tiptree by 44.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,000 shares of the financial services provider's stock valued at $1,085,000 after purchasing an additional 15,881 shares during the last quarter. 37.78% of the stock is owned by institutional investors.

Tiptree Price Performance

Shares of NASDAQ:TIPT traded down $0.08 during trading on Friday, hitting $23.24. The company had a trading volume of 156,105 shares, compared to its average volume of 105,625. The company has a fifty day simple moving average of $22.07 and a two-hundred day simple moving average of $21.61. Tiptree Inc. has a one year low of $15.60 and a one year high of $26.90. The stock has a market cap of $871.43 million, a price-to-earnings ratio of 23.96 and a beta of 1.15.

Tiptree (NASDAQ:TIPT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.49 earnings per share 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 firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.24 annualized dividend and a dividend yield of 1.03%. Tiptree's payout ratio is 20.00%.

Analysts Set New Price Targets

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

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.