Susquehanna International Group LLP Has $3.33 Million Stock Position in Tiptree Inc. (NASDAQ:TIPT)

Susquehanna International Group LLP reduced its stake in Tiptree Inc. (NASDAQ:TIPT) by 21.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,492 shares of the financial services provider’s stock after selling 43,666 shares during the period. Susquehanna International Group LLP’s holdings in Tiptree were worth $3,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. grew its position in Tiptree by 5.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 18,680 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 1,000 shares during the last quarter. Hillsdale Investment Management Inc. boosted 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. Charles Schwab Investment Management Inc. increased its position in Tiptree by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 184,823 shares of the financial services provider’s stock worth $3,855,000 after purchasing an additional 1,271 shares in the last quarter. Tectonic Advisors LLC lifted its stake in Tiptree by 6.0% in the 4th quarter. Tectonic Advisors LLC now owns 29,158 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 1,662 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Tiptree by 4.3% in the fourth quarter. Teacher Retirement System of Texas now owns 41,444 shares of the financial services provider’s stock valued at $865,000 after buying an additional 1,719 shares in the last quarter. 37.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Tiptree from a “buy” rating to a “hold” rating in a report on Monday.

Tiptree Trading Up 1.2 %

Tiptree stock opened at $21.44 on Wednesday. The company has a market capitalization of $798.83 million, a PE ratio of 22.10 and a beta of 1.16. The stock has a 50-day moving average price of $22.57 and a two-hundred day moving average price of $21.39. Tiptree Inc. has a 12 month low of $15.60 and a 12 month high of $26.90.

Tiptree (NASDAQ:TIPT) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.49 EPS for the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.50%. The business had revenue of $497.43 million for the quarter.

Tiptree Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be issued a $0.06 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.24 dividend on an annualized basis and a yield of 1.12%. Tiptree’s payout ratio is 20.00%.

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.