Barclays PLC Grows Stake in Tiptree Inc. (NASDAQ:TIPT)

Barclays PLC lifted its stake in shares of Tiptree Inc. (NASDAQ:TIPT) by 74.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 72,745 shares of the financial services provider’s stock after buying an additional 30,985 shares during the quarter. Barclays PLC’s holdings in Tiptree were worth $1,424,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in Tiptree in the second quarter worth $48,000. Copeland Capital Management LLC purchased a new stake in Tiptree in the 3rd quarter worth about $56,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Tiptree in the 3rd quarter valued at about $85,000. FMR LLC lifted its holdings in Tiptree by 43.1% during the third quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Tiptree during the third quarter worth about $149,000. Institutional investors own 37.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Tiptree Price Performance

Tiptree stock opened at $20.70 on Friday. The firm has a market capitalization of $767.06 million, a P/E ratio of 21.34 and a beta of 1.31. Tiptree Inc. has a one year low of $14.96 and a one year high of $24.09. The business has a fifty day moving average price of $21.29 and a 200-day moving average price of $19.41.

Tiptree Dividend Announcement

The business also recently announced 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 of this dividend was Wednesday, December 11th. Tiptree’s dividend payout ratio is currently 24.74%.

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.