Northern Trust Corp Increases Holdings in Tiptree Inc. (NASDAQ:TIPT)

Northern Trust Corp increased its stake in Tiptree Inc. (NASDAQ:TIPT - Free Report) by 9.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 226,469 shares of the financial services provider's stock after buying an additional 19,773 shares during the quarter. Northern Trust Corp owned 0.61% of Tiptree worth $4,724,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TIPT. Atria Wealth Solutions Inc. boosted its stake in 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 during the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of Tiptree by 0.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 221,977 shares of the financial services provider's stock valued at $4,630,000 after buying an additional 1,200 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Tiptree by 0.7% during the 4th 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 grew its stake in shares of Tiptree by 6.0% during the 4th quarter. Tectonic Advisors LLC now owns 29,158 shares of the financial services provider's stock worth $608,000 after acquiring an additional 1,662 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in Tiptree by 4.3% in the 4th quarter. Teacher Retirement System of Texas now owns 41,444 shares of the financial services provider's stock worth $865,000 after acquiring an additional 1,719 shares during the last quarter. Institutional investors own 37.78% of the company's stock.

Tiptree Trading Down 1.2%

Shares of TIPT stock opened at $21.74 on Thursday. The firm's 50 day moving average is $22.32 and its 200 day moving average is $21.52. The stock has a market capitalization of $815.18 million, a P/E ratio of 22.41 and a beta of 1.16. Tiptree Inc. has a 12 month low of $15.60 and a 12 month high of $26.90.

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

Tiptree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.24 dividend on an annualized basis and a yield of 1.10%. Tiptree's dividend payout ratio (DPR) is 20.00%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Tiptree from a "buy" rating to a "hold" rating in a report on Monday, May 5th.

Tiptree 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.

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