SG Americas Securities LLC Has $245,000 Stock Position in Tiptree Inc. (NASDAQ:TIPT)

SG Americas Securities LLC boosted its holdings in shares of Tiptree Inc. (NASDAQ:TIPT) by 98.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,541 shares of the financial services provider’s stock after acquiring an additional 6,223 shares during the quarter. SG Americas Securities LLC’s holdings in Tiptree were worth $245,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TIPT. Allspring Global Investments Holdings LLC bought a new position in shares of Tiptree in the 2nd quarter valued at approximately $48,000. The Manufacturers Life Insurance Company bought a new stake in shares of Tiptree during the second quarter valued at approximately $176,000. BNP Paribas Financial Markets increased its position in shares of Tiptree by 25.6% during the first quarter. BNP Paribas Financial Markets now owns 12,652 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 2,576 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Tiptree in the second quarter valued at $231,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Tiptree in the first quarter valued at $245,000. 37.78% of the stock is owned by hedge funds and other institutional investors.

Tiptree Stock Performance

NASDAQ:TIPT opened at $20.02 on Tuesday. The company has a market cap of $736.44 million, a PE ratio of 35.12 and a beta of 1.30. Tiptree Inc. has a 52-week low of $14.74 and a 52-week high of $21.13. The stock has a 50-day simple moving average of $19.43 and a 200 day simple moving average of $17.89.

Tiptree (NASDAQ:TIPT) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.53 earnings per share (EPS) for the quarter. The company had revenue of $546.67 million during the quarter. Tiptree had a return on equity of 11.97% and a net margin of 1.62%.

Tiptree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 19th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, August 19th. This represents a $0.24 dividend on an annualized basis and a yield of 1.20%. Tiptree’s dividend payout ratio (DPR) is presently 42.11%.

Analyst Ratings Changes

Separately, StockNews.com raised Tiptree from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 25th.

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.