Dimensional Fund Advisors LP Lowers Stake in Tiptree Inc. (NASDAQ:TIPT)

Dimensional Fund Advisors LP trimmed its position in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,500,716 shares of the financial services provider's stock after selling 14,039 shares during the period. Dimensional Fund Advisors LP owned 6.75% of Tiptree worth $52,166,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. lifted its position in shares of Tiptree by 5.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 18,680 shares of the financial services provider's stock valued at $390,000 after acquiring an additional 1,000 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in Tiptree by 0.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 221,977 shares of the financial services provider's stock worth $4,630,000 after purchasing an additional 1,200 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Tiptree by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 184,823 shares of the financial services provider's stock valued at $3,855,000 after buying an additional 1,271 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Tiptree by 6.0% in the fourth quarter. Tectonic Advisors LLC now owns 29,158 shares of the financial services provider's stock worth $608,000 after buying an additional 1,662 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Tiptree by 4.3% during the fourth quarter. Teacher Retirement System of Texas now owns 41,444 shares of the financial services provider's stock valued at $865,000 after acquiring an additional 1,719 shares in the last quarter. Hedge funds and other institutional investors own 37.78% of the company's stock.

Tiptree Stock Up 0.7 %

NASDAQ TIPT traded up $0.14 on Monday, reaching $21.18. The company had a trading volume of 137,702 shares, compared to its average volume of 99,445. The firm's 50 day moving average price is $22.60 and its 200 day moving average price is $21.39. Tiptree Inc. has a 12 month low of $15.60 and a 12 month high of $26.90. The stock has a market capitalization of $789.15 million, a PE ratio of 21.84 and a beta of 1.19.

Tiptree (NASDAQ:TIPT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.49 EPS for the quarter. The company had revenue of $497.43 million for the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%.

Tiptree Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Monday, May 12th. Tiptree's dividend payout ratio is presently 20.00%.

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.