Tiptree Inc. (NASDAQ:TIPT) Shares Sold by Susquehanna International Group LLP

Susquehanna International Group LLP trimmed its position in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,492 shares of the financial services provider's stock after selling 43,666 shares during the quarter. Susquehanna International Group LLP owned 0.43% of Tiptree worth $3,327,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in shares of Tiptree during the 4th quarter worth approximately $83,000. Trexquant Investment LP increased its stake in Tiptree by 24.9% in the fourth quarter. Trexquant Investment LP now owns 13,221 shares of the financial services provider's stock valued at $276,000 after purchasing an additional 2,635 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Tiptree by 31.9% in the 4th quarter. Wells Fargo & Company MN now owns 14,087 shares of the financial services provider's stock worth $294,000 after buying an additional 3,403 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Tiptree by 23.5% during the 4th quarter. SG Americas Securities LLC now owns 15,485 shares of the financial services provider's stock valued at $323,000 after acquiring an additional 2,944 shares during the last quarter. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of Tiptree during the 4th quarter worth about $339,000. Hedge funds and other institutional investors own 37.78% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Tiptree from a "buy" rating to a "hold" rating in a report on Monday, May 5th.

Tiptree Stock Performance

Shares of NASDAQ:TIPT traded up $0.02 during trading on Monday, reaching $21.32. 10,686 shares of the stock were exchanged, compared to its average volume of 99,309. The firm's 50-day moving average price is $22.49 and its 200 day moving average price is $21.43. The firm has a market cap of $794.36 million, a price-to-earnings ratio of 22.05 and a beta of 1.16. Tiptree Inc. has a 12-month low of $15.60 and a 12-month high of $26.90.

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

Tiptree Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 12th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.13%. Tiptree's dividend payout ratio (DPR) is currently 20.00%.

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.