40,322 Shares in Tiptree Inc. (NASDAQ:TIPT) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in shares of Tiptree Inc. (NASDAQ:TIPT) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 40,322 shares of the financial services provider’s stock, valued at approximately $375,000. Cubist Systematic Strategies LLC owned about 0.12% of Tiptree at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TIPT. Morgan Stanley lifted its stake in shares of Tiptree by 4,966.4% during the 2nd quarter. Morgan Stanley now owns 7,397 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 7,251 shares during the last quarter. UBS Group AG lifted its stake in shares of Tiptree by 160.7% during the 1st quarter. UBS Group AG now owns 7,646 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 4,713 shares during the last quarter. Ergoteles LLC purchased a new stake in shares of Tiptree during the 2nd quarter worth $96,000. State of Wisconsin Investment Board purchased a new stake in shares of Tiptree during the 2nd quarter worth $272,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of Tiptree during the 2nd quarter worth $345,000. Hedge funds and other institutional investors own 34.83% of the company’s stock.

Tiptree stock opened at $14.32 on Thursday. The company has a 50-day simple moving average of $12.57. Tiptree Inc. has a one year low of $4.82 and a one year high of $17.30. The stock has a market capitalization of $485.45 million, a PE ratio of 9.61 and a beta of 1.16.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 29th. Shareholders of record on Monday, November 22nd will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, November 19th. Tiptree’s dividend payout ratio (DPR) is presently 10.74%.

Tiptree Company Profile

Tiptree, Inc is a holding company, which engages in the provision of specialty insurance and investment management services. It operates through the following segments: Insurance, Mortgage, and Other. The Insurance segment offers specialty insurance, warranty products, and related administration services.

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Institutional Ownership by Quarter for Tiptree (NASDAQ:TIPT)

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