Independent Director of Tiptree Dominique Mielle Buys 8.4% More Shares

Potential Tiptree Inc. (NASDAQ:TIPT) shareholders may wish to note that the Independent Director, Dominique Mielle, recently bought US$101k worth of stock, paying US$18.29 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 8.4%.

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Tiptree Insider Transactions Over The Last Year

The VP, General Counsel & Secretary, Neil Rifkind, made the biggest insider sale in the last 12 months. That single transaction was for US$416k worth of shares at a price of US$25.00 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$19.22). So it may not tell us anything about how insiders feel about the current share price. Neil Rifkind was the only individual insider to sell over the last year.

The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Tiptree

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Does Tiptree Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Tiptree insiders own about US$276m worth of shares (which is 38% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Tiptree Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. The recent buying by an insider , along with high insider ownership, suggest that Tiptree insiders are fairly aligned, and optimistic. Along with insider transactions, I recommend checking if Tiptree is growing revenue. This free chart of historic revenue and earnings should make that easy.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.