Tiptree Financial (NASDAQ:TIPT) Stock Price Up 5.8% - Time to Buy?

Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report) rose 5.8% during trading on Friday . The stock traded as high as $23.89 and last traded at $23.79. Approximately 128,453 shares changed hands during trading, an increase of 20% from the average daily volume of 107,289 shares. The stock had previously closed at $22.49.

Analysts Set New Price Targets

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

Tiptree Financial Stock Up 6.6%

The firm has a 50-day moving average of $22.24 and a two-hundred day moving average of $21.64. The stock has a market capitalization of $899.10 million, a price-to-earnings ratio of 20.02 and a beta of 1.15.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last issued its 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 company 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 paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, May 12th. Tiptree Financial's dividend payout ratio (DPR) is presently 20.00%.

Institutional Investors Weigh In On Tiptree Financial

Several institutional investors have recently made changes to their positions in TIPT. Vanguard Group Inc. lifted its stake in Tiptree Financial by 2.2% in the first quarter. Vanguard Group Inc. now owns 1,291,675 shares of the financial services provider's stock valued at $31,116,000 after acquiring an additional 28,373 shares during the last quarter. Breach Inlet Capital Management LLC lifted its position in Tiptree Financial by 10.9% in the first quarter. Breach Inlet Capital Management LLC now owns 788,909 shares of the financial services provider's stock worth $19,005,000 after purchasing an additional 77,373 shares during the period. Royce & Associates LP lifted its holdings in shares of Tiptree Financial by 15.0% during the fourth quarter. Royce & Associates LP now owns 524,247 shares of the financial services provider's stock valued at $10,936,000 after acquiring an additional 68,338 shares during the period. Kennedy Capital Management LLC grew its stake in Tiptree Financial by 55.2% during the fourth quarter. Kennedy Capital Management LLC now owns 273,014 shares of the financial services provider's stock worth $5,695,000 after buying an additional 97,078 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Tiptree Financial by 395.9% in the fourth quarter. Invesco Ltd. now owns 261,563 shares of the financial services provider's stock valued at $5,456,000 after buying an additional 208,814 shares during the last quarter. 37.78% of the stock is currently owned by institutional investors and hedge funds.

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.

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