Tiptree (NASDAQ:TIPT) Shares Up 14.4% – Should You Buy?

Tiptree Inc. (NASDAQ:TIPT) traded up 14.4% during mid-day trading on Tuesday . The company traded as high as $20.86 and last traded at $22.76. 61,110 shares were traded during trading, a decline of 10% from the average session volume of 68,018 shares. The stock had previously closed at $19.90.

Wall Street Analyst Weigh In

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

Tiptree Trading Up 10.4 %

The company has a market cap of $813.94 million, a price-to-earnings ratio of 22.49 and a beta of 1.30. The business has a fifty day moving average of $20.16 and a two-hundred day moving average of $20.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Tiptree by 1.4% during 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 during the period. Royce & Associates LP lifted its stake in Tiptree by 15.0% in the 4th quarter. Royce & Associates LP now owns 524,247 shares of the financial services provider’s stock valued at $10,936,000 after buying an additional 68,338 shares in the last quarter. State Street Corp lifted its stake in Tiptree by 1.9% in the 3rd quarter. State Street Corp now owns 494,299 shares of the financial services provider’s stock valued at $9,673,000 after buying an additional 9,059 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in Tiptree by 55.2% in the 4th quarter. Kennedy Capital Management LLC now owns 273,014 shares of the financial services provider’s stock worth $5,695,000 after buying an additional 97,078 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Tiptree by 395.9% during the 4th quarter. Invesco Ltd. now owns 261,563 shares of the financial services provider’s stock worth $5,456,000 after buying an additional 208,814 shares in the last quarter. Hedge funds and other institutional investors own 37.78% of the company’s stock.

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.