Investors Buy High Volume of Tiptree Call Options (NASDAQ:TIPT)

Tiptree Inc. (NASDAQ:TIPT) was the recipient of unusually large options trading on Wednesday. Traders purchased 3,055 call options on the company. This represents an increase of 737% compared to the average volume of 365 call options.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Tiptree from a “buy” rating to a “strong-buy” rating in a report on Friday, May 17th.

Insiders Place Their Bets

In other Tiptree news, CEO Jonathan Ilany purchased 2,900 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were purchased at an average cost of $16.95 per share, for a total transaction of $49,155.00. Following the acquisition, the chief executive officer now owns 190,471 shares of the company’s stock, valued at $3,228,483.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 31.78% of the company’s stock.

Institutional Investors Weigh In On Tiptree

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in Tiptree by 272.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,126 shares of the financial services provider’s stock valued at $40,000 after buying an additional 1,555 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Tiptree by 34.5% during the 4th quarter. SG Americas Securities LLC now owns 11,829 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 3,035 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Tiptree by 25.6% during the 1st quarter. BNP Paribas Financial Markets now owns 12,652 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 2,576 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Tiptree during the 1st quarter valued at $245,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Tiptree by 10.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 16,252 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 1,473 shares during the last quarter. 37.78% of the stock is owned by hedge funds and other institutional investors.

Tiptree Stock Down 2.9 %

Shares of TIPT opened at $17.32 on Friday. Tiptree has a 12-month low of $12.94 and a 12-month high of $20.80. The business’s fifty day moving average is $16.71 and its 200 day moving average is $17.69. The stock has a market cap of $637.03 million, a P/E ratio of 30.39 and a beta of 1.23.

Tiptree (NASDAQ:TIPT) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. Tiptree had a return on equity of 12.49% and a net margin of 1.36%. The company had revenue of $498.22 million for the quarter.

Tiptree Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 20th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Friday, May 17th. Tiptree’s payout ratio is currently 42.11%.

About Tiptree

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.