Hodges Capital Management Inc. grew its holdings in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 35.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,853 shares of the financial services provider's stock after purchasing an additional 44,269 shares during the quarter. Hodges Capital Management Inc. owned about 0.46% of Tiptree worth $3,522,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP lifted its holdings in Tiptree by 114.0% in the 2nd quarter. Marshall Wace LLP now owns 51,312 shares of the financial services provider's stock worth $846,000 after purchasing an additional 27,335 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Tiptree in the 2nd quarter valued at $320,000. AQR Capital Management LLC acquired a new position in shares of Tiptree during the second quarter valued at about $859,000. Millennium Management LLC lifted its stake in shares of Tiptree by 58.7% in the second quarter. Millennium Management LLC now owns 205,416 shares of the financial services provider's stock valued at $3,387,000 after buying an additional 75,943 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in Tiptree during the second quarter worth about $176,000. 37.78% of the stock is currently owned by institutional investors.
Tiptree Stock Up 0.5 %
Tiptree stock traded up $0.11 on Thursday, hitting $20.54. The company's stock had a trading volume of 19,074 shares, compared to its average volume of 75,620. The company has a fifty day moving average price of $20.69 and a 200-day moving average price of $20.10. The firm has a market cap of $761.21 million, a P/E ratio of 21.18 and a beta of 1.30. Tiptree Inc. has a one year low of $14.96 and a one year high of $24.09.
Tiptree Dividend Announcement
The business also recently disclosed a special dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, December 11th. Tiptree's dividend payout ratio is currently 24.74%.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Tiptree from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 1st.
View Our Latest Report on Tiptree
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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