SG Americas Securities LLC Has $323,000 Holdings in Tiptree Inc. (NASDAQ:TIPT)

SG Americas Securities LLC lifted its position in Tiptree Inc. (NASDAQ:TIPT) by 23.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,485 shares of the financial services provider’s stock after purchasing an additional 2,944 shares during the quarter. SG Americas Securities LLC’s holdings in Tiptree were worth $323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TIPT. Sanders Morris Harris LLC increased its holdings in Tiptree by 66.7% in the 4th quarter. Sanders Morris Harris LLC now owns 25,000 shares of the financial services provider’s stock valued at $518,000 after buying an additional 10,000 shares during the period. JPMorgan Chase & Co. boosted 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 in the last quarter. Barclays PLC increased its stake 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 acquiring an additional 30,985 shares during the period. Geode Capital Management LLC raised its position 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 worth $10,959,000 after purchasing an additional 7,974 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its stake 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 purchasing an additional 1,529 shares during the period. 37.78% of the stock is owned by institutional investors.

Tiptree Stock Up 0.1 %

Shares of TIPT stock opened at $20.20 on Wednesday. The company has a market capitalization of $748.61 million, a P/E ratio of 20.82 and a beta of 1.30. Tiptree Inc. has a 12-month low of $14.96 and a 12-month high of $24.09. The firm has a 50-day moving average price of $20.77 and a 200 day moving average price of $20.09.

Tiptree Dividend Announcement

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

Wall Street Analyst Weigh In

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

Tiptree 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.