Dominique Mielle Purchases 5,500 Shares of Tiptree Financial (NASDAQ:TIPT) Stock

Tiptree Financial Inc. (NASDAQ:TIPT) Director Dominique Mielle purchased 5,500 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was bought at an average price of $18.29 per share, for a total transaction of $100,595.00. Following the completion of the transaction, the director directly owned 70,712 shares in the company, valued at approximately $1,293,322.48. The trade was a 8.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Tiptree Financial Stock Performance

Shares of TIPT opened at $18.82 on Wednesday. The company has a 50-day simple moving average of $19.94 and a 200-day simple moving average of $21.41. Tiptree Financial Inc. has a 52 week low of $17.07 and a 52 week high of $27.41. The firm has a market capitalization of $711.77 million, a P/E ratio of 17.11 and a beta of 1.13.

Tiptree Financial (NASDAQ:TIPT) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. The firm had revenue of $540.30 million for the quarter. Tiptree Financial had a return on equity of 14.30% and a net margin of 2.44%.

Tiptree Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 17th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, November 17th. Tiptree Financial’s dividend payout ratio is presently 21.82%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. bought a new position in Tiptree Financial in the 1st quarter valued at $587,000. Cubist Systematic Strategies LLC bought a new stake in shares of Tiptree Financial during the first quarter worth $641,000. Kingsview Wealth Management LLC acquired a new stake in shares of Tiptree Financial in the first quarter valued at $287,000. Vanguard Group Inc. raised its holdings in shares of Tiptree Financial by 2.2% in the first quarter. Vanguard Group Inc. now owns 1,291,675 shares of the financial services provider’s stock valued at $31,116,000 after buying an additional 28,373 shares during the last quarter. Finally, Breach Inlet Capital Management LLC lifted its position in Tiptree Financial by 10.9% during the 1st quarter. Breach Inlet Capital Management LLC now owns 788,909 shares of the financial services provider’s stock worth $19,005,000 after buying an additional 77,373 shares in the last quarter. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on TIPT. Weiss Ratings reiterated a “buy (b-)” rating on shares of Tiptree Financial in a research note on Friday, October 31st. Wall Street Zen downgraded shares of Tiptree Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

About Tiptree Financial

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.