Meixler Investment Management Ltd. acquired a new stake in Tiptree Inc. (NASDAQ:TIPT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 27,281 shares of the financial services provider's stock, valued at approximately $569,000. Meixler Investment Management Ltd. owned 0.07% of Tiptree as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Copeland Capital Management LLC purchased a new position in shares of Tiptree in the third quarter valued at $56,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Tiptree in the 3rd quarter worth about $85,000. FMR LLC grew its holdings in Tiptree by 43.1% during the 3rd quarter. FMR LLC now owns 4,449 shares of the financial services provider's stock valued at $87,000 after buying an additional 1,339 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Tiptree during the third quarter valued at about $149,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Tiptree in the second quarter worth about $176,000. 37.78% of the stock is owned by hedge funds and other institutional investors.
Tiptree Stock Performance
Tiptree stock traded down $0.32 during midday trading on Wednesday, hitting $19.36. 26,542 shares of the company's stock were exchanged, compared to its average volume of 67,946. The company has a market cap of $717.48 million, a P/E ratio of 19.96 and a beta of 1.30. The stock has a 50-day moving average price of $20.35 and a two-hundred day moving average price of $20.17. Tiptree Inc. has a 52-week low of $15.52 and a 52-week high of $24.09.
Tiptree Dividend Announcement
The firm also recently declared a special dividend, which was paid on Thursday, December 19th. Shareholders of record on Wednesday, December 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. Tiptree's dividend payout ratio is presently 24.74%.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Tiptree from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 1st.
Check Out Our Latest Research Report on Tiptree
Tiptree Profile
(
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.
Further Reading
Before you consider Tiptree, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tiptree wasn't on the list.
While Tiptree currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
