Northern Trust Corp Has $4.72 Million Stock Position in Tiptree Inc. (NASDAQ:TIPT)

Northern Trust Corp grew its position in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 226,469 shares of the financial services provider's stock after acquiring an additional 19,773 shares during the quarter. Northern Trust Corp owned about 0.61% of Tiptree worth $4,724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. lifted its holdings in Tiptree by 5.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 18,680 shares of the financial services provider's stock worth $390,000 after buying an additional 1,000 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in Tiptree by 0.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 221,977 shares of the financial services provider's stock worth $4,630,000 after buying an additional 1,200 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in 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 worth $3,855,000 after buying an additional 1,271 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in 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 buying an additional 1,662 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in Tiptree by 4.3% during the 4th quarter. Teacher Retirement System of Texas now owns 41,444 shares of the financial services provider's stock worth $865,000 after buying an additional 1,719 shares during the last quarter. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Tiptree from a "buy" rating to a "hold" rating in a research report on Monday, May 5th.

Tiptree Stock Performance

Shares of Tiptree stock traded up $0.47 on Tuesday, reaching $22.22. 257,359 shares of the company were exchanged, compared to its average volume of 101,689. The company's 50-day moving average is $22.23 and its two-hundred day moving average is $21.53. The firm has a market cap of $833.18 million, a price-to-earnings ratio of 22.91 and a beta of 1.16. Tiptree Inc. has a 1-year low of $15.60 and a 1-year high of $26.90.

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. Tiptree had a return on equity of 11.50% and a net margin of 2.05%. The firm had revenue of $497.43 million for the quarter.

Tiptree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Monday, May 12th. Tiptree's dividend payout ratio is presently 20.00%.

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.