American Century Companies Inc. Takes $587,000 Position in Tiptree Financial Inc. $TIPT

American Century Companies Inc. acquired a new stake in shares of Tiptree Financial Inc. (NASDAQ:TIPT) during the 1st quarter, Holdings Channel reports. The firm acquired 24,376 shares of the financial services provider’s stock, valued at approximately $587,000.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its holdings in shares of Tiptree Financial by 86.7% during the first quarter. CWM LLC now owns 1,535 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 713 shares during the period. Group One Trading LLC raised its holdings in shares of Tiptree Financial by 192.8% in the 4th quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 3,856 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Tiptree Financial by 10,791.3% in the 1st quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 2,482 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Tiptree Financial in the 4th quarter worth about $200,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Tiptree Financial in the 1st quarter worth about $287,000. Institutional investors and hedge funds own 37.78% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Tiptree Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd.

Tiptree Financial Stock Performance

NASDAQ:TIPT opened at $22.64 on Friday. The firm has a market cap of $849 million, a price-to-earnings ratio of 17.97 and a beta of 1.23. Tiptree Financial Inc. has a 52 week low of $18.25 and a 52 week high of $26.90. The firm has a 50-day moving average price of $22.18 and a two-hundred day moving average price of $22.31.

Tiptree Financial (NASDAQ:TIPT) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.52 EPS for the quarter. The firm had revenue of $528.75 million during the quarter. Tiptree Financial had a net margin of 2.77% and a return on equity of 13.90%.

Tiptree Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, August 18th. Tiptree Financial’s dividend payout ratio is currently 19.05%.

About Tiptree Financial

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.