Tiptree Financial Inc. $TIPT Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Tiptree Financial Inc. by 2.2%, holding approximately $31.12 million worth of shares.
• Tiptree Financial recently declared a quarterly dividend of $0.06 per share, which results in an annualized dividend yield of 1.0%.
• Analysts from Wall Street Zen upgraded Tiptree Financial from a "hold" rating to a "buy" rating as of August 2nd.

Vanguard Group Inc. boosted its stake in shares of Tiptree Financial Inc. (NASDAQ:TIPT - Free Report) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,291,675 shares of the financial services provider's stock after buying an additional 28,373 shares during the quarter. Vanguard Group Inc. owned approximately 3.47% of Tiptree Financial worth $31,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC bought a new stake in Tiptree Financial during the 1st quarter valued at about $287,000. Tectonic Advisors LLC lifted its position in shares of Tiptree Financial by 8.2% in the 1st quarter. Tectonic Advisors LLC now owns 31,545 shares of the financial services provider's stock worth $760,000 after purchasing an additional 2,387 shares during the period. CWM LLC lifted its position in shares of Tiptree Financial by 86.7% in the 1st quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock worth $37,000 after purchasing an additional 713 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of Tiptree Financial by 3.3% in the 1st quarter. OneDigital Investment Advisors LLC now owns 16,777 shares of the financial services provider's stock worth $404,000 after purchasing an additional 543 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Tiptree Financial by 21.3% in the 1st quarter. SG Americas Securities LLC now owns 18,781 shares of the financial services provider's stock worth $452,000 after purchasing an additional 3,296 shares during the period. Institutional investors own 37.78% of the company's stock.

Tiptree Financial Stock Down 0.4%

Shares of NASDAQ TIPT traded down $0.09 during trading hours on Monday, hitting $23.45. 73,738 shares of the stock were exchanged, compared to its average volume of 130,265. The company has a market cap of $879.38 million, a PE ratio of 18.61 and a beta of 1.23. The firm has a fifty day moving average price of $22.19 and a 200-day moving average price of $22.22. Tiptree Financial Inc. has a 12 month low of $18.25 and a 12 month high of $26.90.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. Tiptree Financial had a net margin of 2.77% and a return on equity of 13.90%. The business had revenue of $528.75 million for the quarter.

Tiptree Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, August 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.0%. Tiptree Financial's dividend payout ratio is presently 19.05%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Tiptree Financial from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd.

About Tiptree Financial

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.