Tiptree Inc. (NASDAQ:TIPT - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.16 and traded as low as $19.37. Tiptree shares last traded at $19.84, with a volume of 48,408 shares.
Analyst Ratings Changes
Separately, StockNews.com cut Tiptree from a "strong-buy" rating to a "buy" rating in a report on Friday, November 1st.
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Tiptree Stock Down 0.8 %
The stock has a market capitalization of $729.34 million, a PE ratio of 20.29 and a beta of 1.30. The stock has a fifty day moving average of $20.35 and a 200-day moving average of $20.17.
Tiptree Announces Dividend
The business also recently declared a special dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, December 11th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, December 11th. Tiptree's dividend payout ratio is currently 24.74%.
Institutional Investors Weigh In On Tiptree
Institutional investors have recently modified their holdings of the company. Algert Global LLC increased its holdings in shares of Tiptree by 1.2% during the 3rd quarter. Algert Global LLC now owns 47,629 shares of the financial services provider's stock worth $932,000 after buying an additional 570 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Tiptree by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,431 shares of the financial services provider's stock valued at $301,000 after buying an additional 608 shares during the last quarter. Tectonic Advisors LLC raised its stake in shares of Tiptree by 2.8% in the 3rd quarter. Tectonic Advisors LLC now owns 27,496 shares of the financial services provider's stock valued at $538,000 after purchasing an additional 737 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of Tiptree by 5.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 18,680 shares of the financial services provider's stock valued at $390,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Tiptree by 0.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 221,977 shares of the financial services provider's stock valued at $4,630,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 37.78% of the company's stock.
About Tiptree
(
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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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