Vanguard Group Inc. Has $31.12 Million Holdings in Tiptree Financial Inc. $TIPT

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. raised its holdings in Tiptree Financial Inc. (NASDAQ:TIPT - Free Report) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,291,675 shares of the financial services provider's stock after acquiring an additional 28,373 shares during the quarter. Vanguard Group Inc. owned about 3.47% of Tiptree Financial worth $31,116,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in Tiptree Financial by 86.7% in the first 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 last quarter. Group One Trading LLC lifted its stake in Tiptree Financial by 192.8% in the fourth 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 last quarter. GAMMA Investing LLC lifted its stake in Tiptree Financial by 10,791.3% in the first 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 last quarter. Aquatic Capital Management LLC acquired a new stake in Tiptree Financial in the fourth quarter valued at approximately $85,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Tiptree Financial in the fourth quarter valued at approximately $200,000. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Tiptree Financial Stock Performance

Shares of Tiptree Financial stock traded down $0.09 on Tuesday, reaching $23.36. The stock had a trading volume of 85,913 shares, compared to its average volume of 124,954. The business's 50-day moving average price is $22.19 and its two-hundred day moving average price is $22.26. Tiptree Financial Inc. has a fifty-two week low of $18.25 and a fifty-two week high of $26.90. The stock has a market cap of $876 million, a P/E ratio of 18.54 and a beta of 1.23.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.52 earnings per share 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 during the quarter.

Tiptree Financial Dividend Announcement

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

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.