TCW Group Inc. Has $5.88 Million Position in Tiptree Inc. (NASDAQ:TIPT)

TCW Group Inc. decreased its holdings in Tiptree Inc. (NASDAQ:TIPT) by 22.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 281,883 shares of the financial services provider’s stock after selling 81,215 shares during the quarter. TCW Group Inc. owned 0.76% of Tiptree worth $5,880,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Algert Global LLC raised its position in Tiptree by 1.2% in the third quarter. Algert Global LLC now owns 47,629 shares of the financial services provider’s stock worth $932,000 after purchasing an additional 570 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Tiptree by 5.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 18,680 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 1,000 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Tiptree by 8.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 17,185 shares of the financial services provider’s stock worth $336,000 after buying an additional 1,314 shares in the last quarter. FMR LLC lifted its position in shares of Tiptree by 43.1% during the 3rd 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 period. Finally, Hodges Capital Management Inc. boosted its stake in Tiptree by 1.2% in the 3rd quarter. Hodges Capital Management Inc. now owns 124,584 shares of the financial services provider’s stock valued at $2,438,000 after buying an additional 1,529 shares in the last quarter. 37.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Tiptree Stock Performance

TIPT opened at $19.51 on Monday. The firm has a market cap of $722.96 million, a price-to-earnings ratio of 20.11 and a beta of 1.30. The firm’s 50-day simple moving average is $20.19 and its 200-day simple moving average is $20.22. Tiptree Inc. has a twelve month low of $15.52 and a twelve month high of $24.09.

About Tiptree

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.