BBR Partners LLC Makes New $294,000 Investment in Tiptree Inc. (NASDAQ:TIPT)

BBR Partners LLC purchased a new stake in shares of Tiptree Inc. (NASDAQ:TIPT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,000 shares of the financial services provider’s stock, valued at approximately $294,000.

Other hedge funds also recently modified their holdings of the company. Copeland Capital Management LLC bought a new stake in Tiptree in the third quarter valued at approximately $56,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tiptree during the second quarter worth $48,000. FMR LLC raised its stake 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 buying an additional 1,339 shares during the last quarter. Quest Partners LLC acquired a new position in Tiptree in the third quarter valued at $149,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Tiptree during the second quarter valued at $176,000. Institutional investors and hedge funds own 37.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Tiptree Stock Up 1.1 %

Shares of TIPT stock opened at $22.50 on Thursday. The firm has a 50 day moving average of $20.42 and a 200-day moving average of $18.76. The company has a market cap of $833.85 million, a price-to-earnings ratio of 22.94 and a beta of 1.30. Tiptree Inc. has a 52 week low of $14.96 and a 52 week high of $24.09.

Tiptree Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.07%. The ex-dividend date was Monday, November 18th. Tiptree’s dividend payout ratio (DPR) 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.