Tiptree Financial (NASDAQ:TIPT) Trading Down 11.3% - Time to Sell?

Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report) shares fell 11.3% during mid-day trading on Tuesday . The company traded as low as $21.01 and last traded at $21.01. 247,770 shares were traded during mid-day trading, an increase of 122% from the average session volume of 111,647 shares. The stock had previously closed at $23.69.

Analysts Set New Price Targets

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

Tiptree Financial Stock Down 10.3%

The stock has a market capitalization of $796.44 million, a price-to-earnings ratio of 17.70 and a beta of 1.14. The company's 50-day simple moving average is $22.48 and its 200 day simple moving average is $21.79.

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

Tiptree Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Monday, May 12th. Tiptree Financial's dividend payout ratio is currently 20.00%.

Institutional Investors Weigh In On Tiptree Financial

Several hedge funds and other institutional investors have recently made changes to their positions in TIPT. CWM LLC lifted its stake in shares of Tiptree Financial by 86.7% in the first 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 during the period. Group One Trading LLC lifted its stake in Tiptree Financial by 192.8% during the fourth quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider's stock worth $39,000 after purchasing an additional 3,856 shares during the period. GAMMA Investing LLC lifted its stake in Tiptree Financial by 10,791.3% during the first quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider's stock worth $60,000 after purchasing an additional 2,482 shares during the period. KLP Kapitalforvaltning AS bought a new position in Tiptree Financial during the fourth quarter worth about $83,000. Finally, Aquatic Capital Management LLC bought a new position in Tiptree Financial during the fourth quarter worth about $85,000. 37.78% of the stock is 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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