TCW Group Inc. Decreases Stock Position in Tiptree Inc. (NASDAQ:TIPT)

TCW Group Inc. lessened its position in Tiptree Inc. (NASDAQ:TIPT - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 281,883 shares of the financial services provider's stock after selling 81,215 shares during the period. TCW Group Inc. owned about 0.76% of Tiptree worth $5,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TIPT. Barclays PLC lifted its stake in shares of Tiptree by 74.2% during the 3rd quarter. Barclays PLC now owns 72,745 shares of the financial services provider's stock worth $1,424,000 after purchasing an additional 30,985 shares during the period. FMR LLC lifted its position in Tiptree by 43.1% during the third quarter. FMR LLC now owns 4,449 shares of the financial services provider's stock worth $87,000 after buying an additional 1,339 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Tiptree by 166.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 183,552 shares of the financial services provider's stock worth $3,592,000 after buying an additional 114,568 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Tiptree by 55.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,202 shares of the financial services provider's stock worth $1,550,000 after buying an additional 28,400 shares during the last quarter. Finally, State Street Corp grew its holdings in Tiptree by 1.9% in the 3rd quarter. State Street Corp now owns 494,299 shares of the financial services provider's stock valued at $9,673,000 after buying an additional 9,059 shares during the period. Hedge funds and other institutional investors own 37.78% of the company's stock.

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Analyst Upgrades and Downgrades

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

Tiptree Stock Up 5.0 %

Shares of NASDAQ TIPT traded up $1.09 during trading on Thursday, hitting $22.99. 394,370 shares of the company traded hands, compared to its average volume of 93,304. The firm has a market capitalization of $851.92 million, a P/E ratio of 23.70 and a beta of 1.30. The company has a 50-day moving average price of $20.20 and a 200-day moving average price of $20.27. Tiptree Inc. has a 1 year low of $15.52 and a 1 year high of $24.09.

Tiptree (NASDAQ:TIPT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $503.60 million during the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%.

Tiptree Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.24 annualized dividend and a yield of 1.04%. Tiptree's payout ratio is 24.74%.

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.