Tiptree (NASDAQ:TIPT) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Tiptree Inc. (NASDAQ:TIPTGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.64 and traded as low as $19.20. Tiptree shares last traded at $19.55, with a volume of 111,407 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Tiptree from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st.

Check Out Our Latest Stock Analysis on Tiptree

Tiptree Stock Down 0.6 %

The firm has a fifty day moving average of $21.37 and a 200-day moving average of $19.64. The firm has a market cap of $724.44 million, a P/E ratio of 20.15 and a beta of 1.32.

Tiptree Announces Dividend

The firm also recently announced a special dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, December 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. Tiptree’s dividend payout ratio (DPR) is presently 24.74%.

Hedge Funds Weigh In On Tiptree

Several large investors have recently bought and sold shares of TIPT. JPMorgan Chase & Co. raised its position in shares of Tiptree by 55.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,202 shares of the financial services provider’s stock valued at $1,550,000 after acquiring an additional 28,400 shares during the last quarter. Barclays PLC increased its holdings in Tiptree by 74.2% in the third quarter. Barclays PLC now owns 72,745 shares of the financial services provider’s stock valued at $1,424,000 after purchasing an additional 30,985 shares during the last quarter. Geode Capital Management LLC lifted its stake in Tiptree by 1.4% in the third quarter. Geode Capital Management LLC now owns 559,905 shares of the financial services provider’s stock valued at $10,959,000 after buying an additional 7,974 shares during the period. Hodges Capital Management Inc. boosted its holdings in Tiptree by 1.2% during the third quarter. Hodges Capital Management Inc. now owns 124,584 shares of the financial services provider’s stock worth $2,438,000 after buying an additional 1,529 shares during the last quarter. Finally, State Street Corp grew its position in shares of Tiptree by 1.9% during the 3rd quarter. State Street Corp now owns 494,299 shares of the financial services provider’s stock worth $9,673,000 after buying an additional 9,059 shares during the period. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Tiptree Company Profile

(Get Free Report)

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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