Tiptree Inc. (NASDAQ:TIPT) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in Tiptree Inc. (NASDAQ:TIPT - Free Report) by 55.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,202 shares of the financial services provider's stock after acquiring an additional 28,400 shares during the quarter. JPMorgan Chase & Co. owned 0.21% of Tiptree worth $1,550,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Algert Global LLC lifted its position in shares of Tiptree by 1.2% during the third quarter. Algert Global LLC now owns 47,629 shares of the financial services provider's stock worth $932,000 after purchasing an additional 570 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in Tiptree by 2.8% during the 3rd quarter. Tectonic Advisors LLC now owns 27,496 shares of the financial services provider's stock valued at $538,000 after buying an additional 737 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Tiptree by 8.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 17,185 shares of the financial services provider's stock valued at $336,000 after buying an additional 1,314 shares during the period. FMR LLC grew its stake in 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 in the last quarter. Finally, Hodges Capital Management Inc. increased its position in shares of Tiptree by 1.2% during the third quarter. Hodges Capital Management Inc. now owns 124,584 shares of the financial services provider's stock worth $2,438,000 after acquiring an additional 1,529 shares during the period. Institutional investors own 37.78% of the company's stock.

Tiptree Price Performance

Shares of TIPT remained flat at $19.97 during mid-day trading on Friday. 57,830 shares of the stock traded hands, compared to its average volume of 88,389. The company has a 50-day moving average price of $21.02 and a 200-day moving average price of $19.90. Tiptree Inc. has a 52-week low of $14.96 and a 52-week high of $24.09. The company has a market cap of $740.09 million, a price-to-earnings ratio of 20.59 and a beta of 1.32.

Tiptree (NASDAQ:TIPT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.58 earnings per share for the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%. The firm had revenue of $494.36 million during the quarter.

Tiptree Dividend Announcement

The firm also recently announced a special dividend, which was paid on Thursday, December 19th. Investors 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 is currently 24.74%.

Analyst Ratings Changes

Separately, StockNews.com lowered Tiptree from a "strong-buy" rating to a "buy" rating in a report on Friday, November 1st.

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.