Tiptree (NASDAQ:TIPT) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Tiptree Inc. (NASDAQ:TIPT)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.16 and traded as low as $19.37. Tiptree shares last traded at $19.84, with a volume of 48,408 shares.

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 Price Performance

The firm has a market capitalization of $729.34 million, a P/E ratio of 20.29 and a beta of 1.30. The stock’s fifty day simple moving average is $20.39 and its 200 day simple moving average is $20.16.

Tiptree Announces Dividend

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

Hedge Funds Weigh In On Tiptree

Hedge funds have recently modified their holdings of the stock. Copeland Capital Management LLC acquired a new position in shares of Tiptree during the third quarter valued at about $56,000. KLP Kapitalforvaltning AS acquired a new position in shares of Tiptree during the fourth quarter valued at about $83,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Tiptree during the third quarter valued at about $85,000. Aquatic Capital Management LLC acquired a new position in shares of Tiptree during the fourth quarter valued at about $85,000. Finally, FMR LLC increased its holdings in shares of 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 acquiring an additional 1,339 shares in the last quarter. Institutional investors and hedge funds own 37.78% of the company’s stock.

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.