Tiptree Financial (NASDAQ:TIPT) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report)'s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.81 and traded as low as $21.17. Tiptree Financial shares last traded at $21.68, with a volume of 79,500 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Tiptree Financial from a "buy" rating to a "hold" rating in a research note on Monday, May 5th.

Tiptree Financial Stock Up 3.0%

The company has a market cap of $832.31 million, a PE ratio of 18.50 and a beta of 1.14. The stock has a 50-day moving average of $22.41 and a 200-day moving average of $21.87.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.49 earnings per share 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, May 12th. Tiptree Financial's payout ratio is 20.00%.

Institutional Trading of Tiptree Financial

Hedge funds have recently made changes to their positions in the stock. OneDigital Investment Advisors LLC raised its position in Tiptree Financial by 3.3% during the first quarter. OneDigital Investment Advisors LLC now owns 16,777 shares of the financial services provider's stock valued at $404,000 after purchasing an additional 543 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 buying an additional 608 shares in the last quarter. CWM LLC raised 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 valued at $37,000 after buying an additional 713 shares in the last quarter. Royal Bank of Canada lifted its position in Tiptree Financial by 8.3% in 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 during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Tiptree Financial by 4.3% in the fourth quarter. Teacher Retirement System of Texas now owns 41,444 shares of the financial services provider's stock worth $865,000 after buying an additional 1,719 shares in the last quarter. 37.78% of the stock is owned by institutional investors.

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.