Barclays PLC boosted its stake in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 74.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,745 shares of the financial services provider's stock after buying an additional 30,985 shares during the quarter. Barclays PLC owned 0.20% of Tiptree worth $1,424,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in TIPT. FMR LLC lifted its holdings in shares of Tiptree by 43.1% in the 3rd quarter. FMR LLC now owns 4,449 shares of the financial services provider's stock worth $87,000 after acquiring an additional 1,339 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Tiptree by 166.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 183,552 shares of the financial services provider's stock valued at $3,592,000 after acquiring an additional 114,568 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Tiptree in the second quarter valued at $671,000. State Street Corp grew its stake in Tiptree by 1.9% during the 3rd quarter. State Street Corp now owns 494,299 shares of the financial services provider's stock worth $9,673,000 after purchasing an additional 9,059 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Tiptree by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 559,905 shares of the financial services provider's stock worth $10,959,000 after purchasing an additional 7,974 shares in the last quarter. 37.78% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com cut Tiptree from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 1st.
Get Our Latest Stock Report on Tiptree
Tiptree Stock Down 3.9 %
Shares of Tiptree stock opened at $18.78 on Monday. Tiptree Inc. has a 52-week low of $14.96 and a 52-week high of $24.09. The company has a market capitalization of $695.91 million, a P/E ratio of 19.36 and a beta of 1.32. The company has a 50 day moving average of $21.32 and a 200 day moving average of $19.69.
Tiptree Dividend Announcement
The company also recently disclosed a special dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 11th. Tiptree's dividend payout ratio (DPR) is currently 24.74%.
About Tiptree
(
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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