Tiptree Inc. (NASDAQ:TIPT) President Randy Maultsby Sells 31,247 Shares of Stock

Tiptree Inc. (NASDAQ:TIPTGet Rating) President Randy Maultsby sold 31,247 shares of Tiptree stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $11.20, for a total value of $349,966.40. Following the completion of the transaction, the president now directly owns 37,113 shares in the company, valued at $415,665.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Tiptree Stock Down 0.4 %

Shares of NASDAQ TIPT opened at $11.11 on Wednesday. The business’s 50 day moving average is $10.89 and its two-hundred day moving average is $11.89. The company has a market cap of $387.73 million, a P/E ratio of 46.29 and a beta of 1.16. Tiptree Inc. has a 12 month low of $9.26 and a 12 month high of $17.30.

Tiptree (NASDAQ:TIPTGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.31 earnings per share for the quarter. Tiptree had a return on equity of 13.43% and a net margin of 0.70%. The company had revenue of $324.90 million for the quarter.

Tiptree Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Monday, May 23rd were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, May 20th. Tiptree’s payout ratio is presently 66.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Tiptree in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

Institutional Trading of Tiptree

Several institutional investors have recently modified their holdings of TIPT. Royce & Associates LP grew its holdings in shares of Tiptree by 49.8% during the 4th quarter. Royce & Associates LP now owns 389,323 shares of the financial services provider’s stock worth $5,384,000 after purchasing an additional 129,428 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Tiptree by 0.5% during the 4th quarter. Northern Trust Corp now owns 197,969 shares of the financial services provider’s stock worth $2,738,000 after purchasing an additional 1,076 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Tiptree by 15.8% during the 4th quarter. First Trust Advisors LP now owns 34,645 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 4,723 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Tiptree by 63.3% in the 4th quarter. BNP Paribas Arbitrage SA now owns 11,485 shares of the financial services provider’s stock valued at $159,000 after buying an additional 4,454 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Tiptree in the 4th quarter valued at $3,105,000. Institutional investors and hedge funds own 35.46% of the company’s stock.

Tiptree Company Profile

(Get Rating)

Tiptree Inc, through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The company operates in two segments, Insurance and Mortgage. It offers niche commercial and personal lines insurance, credit insurance and collateral protection products, and warranty and service contract products and solutions, as well as premium finance services.

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