Tiptree Financial (NASDAQ:TIPT) Shares Pass Above 50 Day Moving Average - Should You Sell?

Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $22.48 and traded as high as $24.30. Tiptree Financial shares last traded at $23.69, with a volume of 117,829 shares traded.

Analysts Set New Price Targets

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

Tiptree Financial Stock Down 1.8%

The stock has a market cap of $786 million, a PE ratio of 17.47 and a beta of 1.14. The firm has a fifty day moving average of $22.45 and a 200 day moving average of $21.79.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.49 EPS for the quarter. Tiptree Financial had a return on equity of 13.87% and a net margin of 2.45%. The firm had revenue of $497.43 million for the quarter.

Tiptree Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.24 dividend on an annualized basis and a yield of 1.15%. Tiptree Financial's payout ratio is currently 20.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC increased its stake in shares of Tiptree Financial by 3.3% in the first quarter. OneDigital Investment Advisors LLC now owns 16,777 shares of the financial services provider's stock valued at $404,000 after buying an additional 543 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Tiptree Financial by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,431 shares of the financial services provider's stock valued at $301,000 after purchasing an additional 608 shares during the period. CWM LLC boosted its holdings in shares of Tiptree Financial by 86.7% during the 1st quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock worth $37,000 after buying an additional 713 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Tiptree Financial by 8.3% during the 1st quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider's stock worth $243,000 after buying an additional 775 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Tiptree Financial by 0.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 221,977 shares of the financial services provider's stock worth $4,630,000 after buying an additional 1,200 shares in the last quarter. 37.78% of the stock is owned by hedge funds and other institutional investors.

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.