Tiptree Inc. (NASDAQ:TIPT) President Randy Maultsby Sells 20,000 Shares

Tiptree Inc. (NASDAQ:TIPTGet Rating) President Randy Maultsby sold 20,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $11.07, for a total transaction of $221,400.00. Following the sale, the president now directly owns 17,113 shares in the company, valued at $189,440.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Randy Maultsby also recently made the following trade(s):

  • On Monday, July 25th, Randy Maultsby sold 31,247 shares of Tiptree stock. The shares were sold at an average price of $11.20, for a total transaction of $349,966.40.

Tiptree Price Performance

Shares of TIPT opened at $10.85 on Friday. The firm has a market capitalization of $378.67 million, a PE ratio of -17.50 and a beta of 1.09. Tiptree Inc. has a 1-year low of $9.26 and a 1-year high of $17.30. The company’s fifty day moving average price is $11.63 and its 200-day moving average price is $11.59.

Tiptree (NASDAQ:TIPTGet Rating) last announced its quarterly earnings data on Monday, August 8th. The financial services provider reported $0.39 earnings per share for the quarter. The firm had revenue of $339.84 million for the quarter. Tiptree had a negative net margin of 1.71% and a positive return on equity of 12.89%.

Tiptree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 22nd were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.47%. The ex-dividend date was Friday, August 19th. Tiptree’s payout ratio is -25.81%.

Institutional Investors Weigh In On Tiptree

Several hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in Tiptree by 1.8% in the second quarter. State Street Corp now owns 417,608 shares of the financial services provider’s stock valued at $4,435,000 after purchasing an additional 7,236 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Tiptree by 252.0% in the second quarter. Cubist Systematic Strategies LLC now owns 5,924 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 4,241 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Tiptree by 6.1% in the second quarter. Point72 Asset Management L.P. now owns 169,221 shares of the financial services provider’s stock valued at $1,797,000 after purchasing an additional 9,800 shares during the last quarter. Millennium Management LLC boosted its holdings in Tiptree by 126.3% in the second quarter. Millennium Management LLC now owns 45,434 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 25,361 shares during the last quarter. Finally, PEAK6 Investments LLC purchased a new stake in Tiptree in the second quarter valued at $107,000. 34.49% of the stock is owned by hedge funds and other institutional investors.

About Tiptree

(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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