Sanders Morris Harris LLC Buys 10,000 Shares of Tiptree Inc. (NASDAQ:TIPT)

Sanders Morris Harris LLC increased its position in shares of Tiptree Inc. (NASDAQ:TIPT) by 66.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the financial services provider’s stock after acquiring an additional 10,000 shares during the quarter. Sanders Morris Harris LLC owned about 0.07% of Tiptree worth $518,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Tiptree by 55.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,202 shares of the financial services provider’s stock valued at $1,550,000 after buying an additional 28,400 shares during the period. Barclays PLC grew its stake in Tiptree by 74.2% in the third quarter. Barclays PLC now owns 72,745 shares of the financial services provider’s stock valued at $1,424,000 after acquiring an additional 30,985 shares during the period. Geode Capital Management LLC increased its holdings in shares of Tiptree by 1.4% in the third quarter. Geode Capital Management LLC now owns 559,905 shares of the financial services provider’s stock worth $10,959,000 after acquiring an additional 7,974 shares in the last quarter. Hodges Capital Management Inc. raised its position in shares of Tiptree by 1.2% during the third quarter. Hodges Capital Management Inc. now owns 124,584 shares of the financial services provider’s stock worth $2,438,000 after purchasing an additional 1,529 shares during the period. Finally, State Street Corp lifted its holdings in shares of Tiptree by 1.9% during the 3rd quarter. State Street Corp now owns 494,299 shares of the financial services provider’s stock valued at $9,673,000 after purchasing an additional 9,059 shares in the last quarter. Institutional investors and hedge funds own 37.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Tiptree Trading Up 0.5 %

TIPT opened at $20.13 on Thursday. The stock has a market capitalization of $746.02 million, a P/E ratio of 20.75 and a beta of 1.32. Tiptree Inc. has a 12 month low of $14.96 and a 12 month high of $24.09. The firm’s fifty day simple moving average is $21.23 and its 200 day simple moving average is $19.76.

Tiptree Dividend Announcement

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