Tiptree Inc. (NASDAQ:TIPT - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.64 and traded as low as $19.20. Tiptree shares last traded at $19.55, with a volume of 111,407 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com cut Tiptree from a "strong-buy" rating to a "buy" rating in a report on Friday, November 1st.
Read Our Latest Stock Analysis on Tiptree
Tiptree Stock Performance
The firm has a fifty day simple moving average of $21.36 and a 200 day simple moving average of $19.64. The company has a market cap of $724.44 million, a PE ratio of 20.15 and a beta of 1.32.
Tiptree Announces Dividend
The business also recently declared 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 of this dividend was Wednesday, December 11th. Tiptree's dividend payout ratio is currently 24.74%.
Institutional Trading of Tiptree
Institutional investors and hedge funds have recently made changes to their positions in the company. Copeland Capital Management LLC acquired a new position in Tiptree in the third quarter valued at $56,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Tiptree in the 3rd quarter valued at about $85,000. FMR LLC grew its holdings in shares of Tiptree by 43.1% during the 3rd quarter. FMR LLC now owns 4,449 shares of the financial services provider's stock worth $87,000 after purchasing an additional 1,339 shares during the period. Quest Partners LLC acquired a new stake in Tiptree during the 3rd quarter worth approximately $149,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Tiptree in the second quarter valued at approximately $176,000. 37.78% of the stock is currently owned by institutional investors and hedge funds.
About Tiptree
(
Get 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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