Tiptree (NASDAQ:TIPT) Sees Unusually-High Trading Volume - Here's What Happened

Tiptree Inc. (NASDAQ:TIPT - Get Free Report) shares saw strong trading volume on Tuesday . 154,110 shares traded hands during mid-day trading, an increase of 52% from the previous session's volume of 101,278 shares.The stock last traded at $22.20 and had previously closed at $21.75.

Analysts Set New Price Targets

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

Tiptree Stock Performance

The company has a fifty day simple moving average of $22.25 and a 200 day simple moving average of $21.53. The stock has a market capitalization of $831.50 million, a price-to-earnings ratio of 22.88 and a beta of 1.16.

Tiptree (NASDAQ:TIPT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.49 EPS for the quarter. The company had revenue of $497.43 million for the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%.

Tiptree Dividend Announcement

The firm also recently disclosed 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 1.08%. The ex-dividend date of this dividend was Monday, May 12th. Tiptree's dividend payout ratio (DPR) is presently 20.00%.

Institutional Investors Weigh In On Tiptree

Several institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC lifted its stake in Tiptree 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 increased its stake in shares of Tiptree by 192.8% in the 4th quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 3,856 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Tiptree by 10,791.3% during the 1st quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 2,482 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Tiptree during the 4th quarter valued at $83,000. Finally, Aquatic Capital Management LLC bought a new position in Tiptree during the fourth quarter worth $85,000. Institutional investors own 37.78% of the company's stock.

Tiptree 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.

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