BBR Partners LLC Takes $294,000 Position in Tiptree Inc. (NASDAQ:TIPT)

BBR Partners LLC purchased a new position in shares of Tiptree Inc. (NASDAQ:TIPT) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 15,000 shares of the financial services provider’s stock, valued at approximately $294,000.

Several other institutional investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in Tiptree during the 2nd quarter worth $48,000. Copeland Capital Management LLC purchased a new stake in shares of Tiptree during the third quarter valued at approximately $56,000. 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 worth $87,000 after acquiring an additional 1,339 shares during the period. Quest Partners LLC purchased a new position in Tiptree in the third quarter worth $149,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Tiptree in the second quarter worth $176,000. Institutional investors own 37.78% of the company’s stock.

Analysts Set New Price Targets

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

Tiptree Stock Up 1.1 %

NASDAQ TIPT opened at $22.50 on Thursday. The firm has a market cap of $833.85 million, a P/E ratio of 22.94 and a beta of 1.30. The company’s 50 day moving average is $20.42 and its 200-day moving average is $18.76. Tiptree Inc. has a 12-month low of $14.96 and a 12-month high of $24.09.

Tiptree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Monday, November 18th. Tiptree’s payout ratio is 24.74%.

Tiptree Company 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.