UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 13,866 Shares of Tiptree Inc. (NASDAQ:TIPT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Tiptree Inc. (NASDAQ:TIPT) by 24.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,300 shares of the financial services provider’s stock after selling 13,866 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of Tiptree worth $847,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TIPT. Charles Schwab Investment Management Inc. lifted its position in Tiptree by 166.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 183,552 shares of the financial services provider’s stock worth $3,592,000 after buying an additional 114,568 shares in the last quarter. Millennium Management LLC increased its position in shares of Tiptree by 58.7% in the second quarter. Millennium Management LLC now owns 205,416 shares of the financial services provider’s stock valued at $3,387,000 after acquiring an additional 75,943 shares during the last quarter. AQR Capital Management LLC bought a new stake in Tiptree during the second quarter worth about $859,000. Mercer Global Advisors Inc. ADV acquired a new position in Tiptree during the second quarter valued at approximately $671,000. Finally, Marshall Wace LLP grew its stake in Tiptree by 114.0% in the second quarter. Marshall Wace LLP now owns 51,312 shares of the financial services provider’s stock valued at $846,000 after purchasing an additional 27,335 shares in the last quarter. Institutional investors own 37.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Tiptree Trading Down 0.9 %

NASDAQ TIPT opened at $20.17 on Friday. The firm has a market capitalization of $747.42 million, a P/E ratio of 20.79 and a beta of 1.31. The firm’s fifty day moving average price is $21.22 and its two-hundred day moving average price is $19.27. Tiptree Inc. has a 1 year low of $14.96 and a 1 year high of $24.09.

Tiptree Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, December 19th. Investors 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 currently 24.74%.

Tiptree Company Profile

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.