Barclays PLC Acquires 30,985 Shares of Tiptree Inc. (NASDAQ:TIPT)

Barclays PLC grew its holdings in shares of Tiptree Inc. (NASDAQ:TIPT) by 74.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,745 shares of the financial services provider’s stock after buying an additional 30,985 shares during the period. Barclays PLC owned approximately 0.20% of Tiptree worth $1,424,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Algert Global LLC boosted its stake in Tiptree by 1.2% during the third quarter. Algert Global LLC now owns 47,629 shares of the financial services provider’s stock worth $932,000 after acquiring an additional 570 shares in the last quarter. Tectonic Advisors LLC grew its stake in shares of Tiptree by 2.8% in the 3rd quarter. Tectonic Advisors LLC now owns 27,496 shares of the financial services provider’s stock valued at $538,000 after buying an additional 737 shares during the period. Oppenheimer Asset Management Inc. increased its position in Tiptree by 8.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 17,185 shares of the financial services provider’s stock valued at $336,000 after buying an additional 1,314 shares in the last quarter. FMR LLC raised its stake in Tiptree by 43.1% during the 3rd quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock worth $87,000 after buying an additional 1,339 shares during the period. Finally, Hodges Capital Management Inc. boosted its holdings in Tiptree by 1.2% in 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 in the last quarter. Institutional investors and hedge funds own 37.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Tiptree Price Performance

NASDAQ:TIPT opened at $20.70 on Friday. Tiptree Inc. has a one year low of $14.96 and a one year high of $24.09. The company has a market cap of $767.06 million, a PE ratio of 21.34 and a beta of 1.31. The firm has a 50-day moving average of $21.29 and a 200-day moving average of $19.41.

Tiptree Announces Dividend

The business also recently disclosed 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%.

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.