Tiptree Inc. (NASDAQ:TIPT) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 31.9% in the fourth quarter, according to its most recent 13F 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 quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.08% of Tiptree worth $615,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Group One Trading LLC raised its holdings in shares of Tiptree by 192.8% in 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 during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Tiptree in the 4th quarter valued at about $83,000. Aquatic Capital Management LLC acquired a new position in Tiptree in the fourth quarter valued at approximately $85,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Tiptree in the fourth quarter worth about $200,000. Finally, Trexquant Investment LP grew its position in shares of Tiptree by 24.9% during the 4th quarter. Trexquant Investment LP now owns 13,221 shares of the financial services provider's stock valued at $276,000 after acquiring an additional 2,635 shares during the period. 37.78% of the stock is currently owned by institutional investors.

Tiptree Price Performance

Tiptree stock traded down $0.33 during trading on Thursday, reaching $23.32. 134,265 shares of the company were exchanged, compared to its average volume of 105,046. Tiptree Inc. has a 52-week low of $15.60 and a 52-week high of $26.90. The company has a market capitalization of $874.43 million, a P/E ratio of 24.04 and a beta of 1.15. The stock's 50 day simple moving average is $21.98 and its two-hundred day simple moving average is $21.60.

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

Tiptree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Monday, May 12th. Tiptree's payout ratio is 20.00%.

Wall Street Analysts Forecast Growth

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

About Tiptree

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.