Marshall Wace LLP Purchases 27,335 Shares of Tiptree Inc. (NASDAQ:TIPT)

Marshall Wace LLP increased its holdings in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 114.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,312 shares of the financial services provider's stock after acquiring an additional 27,335 shares during the quarter. Marshall Wace LLP owned about 0.14% of Tiptree worth $846,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tiptree during the 2nd quarter worth $48,000. BNP Paribas Financial Markets grew its stake in Tiptree by 25.6% during the first quarter. BNP Paribas Financial Markets now owns 12,652 shares of the financial services provider's stock worth $219,000 after buying an additional 2,576 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Tiptree in the 1st quarter valued at about $245,000. Oppenheimer Asset Management Inc. raised its position in shares of Tiptree by 10.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 16,252 shares of the financial services provider's stock valued at $281,000 after buying an additional 1,473 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Tiptree by 22.0% in the 2nd quarter. Hsbc Holdings PLC now owns 18,563 shares of the financial services provider's stock valued at $302,000 after buying an additional 3,342 shares in the last quarter. Institutional investors and hedge funds own 37.78% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Tiptree from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, September 25th.

Tiptree Price Performance

Shares of TIPT stock traded up $0.09 on Wednesday, hitting $19.11. 35,001 shares of the company's stock were exchanged, compared to its average volume of 92,858. The company has a 50 day moving average of $19.08 and a 200 day moving average of $17.69. The stock has a market cap of $702.96 million, a P/E ratio of 33.65 and a beta of 1.30. Tiptree Inc. has a 12 month low of $14.74 and a 12 month high of $20.80.

Tiptree (NASDAQ:TIPT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.53 EPS for the quarter. The business had revenue of $546.67 million during the quarter. Tiptree had a net margin of 1.62% and a return on equity of 11.97%.

Tiptree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.26%. The ex-dividend date was Monday, August 19th. Tiptree's dividend payout ratio is currently 42.11%.

Tiptree 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.