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.
Check Out Our Latest Analysis on Tiptree Financial
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
(
Get Free Report)
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.
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