TCW Group Inc. Sells 81,215 Shares of Tiptree Inc. (NASDAQ:TIPT)

TCW Group Inc. lessened its stake in Tiptree Inc. (NASDAQ:TIPT) by 22.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 281,883 shares of the financial services provider’s stock after selling 81,215 shares during the period. TCW Group Inc.’s holdings in Tiptree were worth $5,880,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Tiptree in the 3rd quarter valued at $85,000. FMR LLC boosted its holdings in Tiptree by 43.1% in 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 during the last quarter. Quest Partners LLC acquired a new stake in Tiptree in the third quarter worth about $149,000. BBR Partners LLC bought a new stake in Tiptree during the 3rd quarter worth about $294,000. Finally, SG Americas Securities LLC lifted its position in Tiptree by 23.5% during the 4th quarter. SG Americas Securities LLC now owns 15,485 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 2,944 shares during the period. Institutional investors and hedge funds own 37.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Tiptree Stock Performance

TIPT opened at $19.51 on Monday. The company has a fifty day moving average price of $20.19 and a two-hundred day moving average price of $20.22. The firm has a market capitalization of $722.96 million, a PE ratio of 20.11 and a beta of 1.30. Tiptree Inc. has a 52 week low of $15.52 and a 52 week high of $24.09.

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.