SG Americas Securities LLC Buys 2,944 Shares of Tiptree Inc. (NASDAQ:TIPT)

SG Americas Securities LLC raised its stake in Tiptree Inc. (NASDAQ:TIPT) by 23.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,485 shares of the financial services provider’s stock after acquiring an additional 2,944 shares during the quarter. SG Americas Securities LLC’s holdings in Tiptree were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TIPT. Geode Capital Management LLC grew its stake in shares of Tiptree by 1.4% during 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 purchasing an additional 7,974 shares during the last quarter. State Street Corp lifted its holdings in 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 in the last quarter. Millennium Management LLC boosted its position in Tiptree by 58.7% in the 2nd quarter. Millennium Management LLC now owns 205,416 shares of the financial services provider’s stock valued at $3,387,000 after buying an additional 75,943 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Tiptree by 166.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 183,552 shares of the financial services provider’s stock valued at $3,592,000 after buying an additional 114,568 shares during the period. Finally, Hodges Capital Management Inc. raised its position in shares of 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 acquiring an additional 1,529 shares during the last quarter. 37.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Tiptree Trading Up 0.1 %

Shares of NASDAQ TIPT opened at $20.20 on Wednesday. Tiptree Inc. has a 1 year low of $14.96 and a 1 year high of $24.09. The firm’s 50-day moving average is $20.77 and its 200-day moving average is $20.09. The firm has a market capitalization of $748.61 million, a PE ratio of 20.82 and a beta of 1.30.

Tiptree Dividend Announcement

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

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.