JPMorgan Chase & Co. Acquires 60,595 Shares of Tiptree Inc. (NASDAQ:TIPT)

JPMorgan Chase & Co. raised its holdings in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 76.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,797 shares of the financial services provider's stock after buying an additional 60,595 shares during the period. JPMorgan Chase & Co. owned about 0.38% of Tiptree worth $2,916,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. KLP Kapitalforvaltning AS purchased a new position in shares of Tiptree during the fourth quarter valued at approximately $83,000. Hillsdale Investment Management Inc. boosted its position in shares of Tiptree by 0.5% during 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. Teacher Retirement System of Texas boosted its position in shares of 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 buying an additional 1,719 shares during the period. Royce & Associates LP boosted its holdings in shares of Tiptree by 15.0% in the fourth quarter. Royce & Associates LP now owns 524,247 shares of the financial services provider's stock valued at $10,936,000 after purchasing an additional 68,338 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Tiptree by 44.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,000 shares of the financial services provider's stock valued at $1,085,000 after purchasing an additional 15,881 shares during the period. Hedge funds and other institutional investors own 37.78% of the company's stock.

Tiptree Trading Down 0.1 %

Shares of NASDAQ TIPT traded down $0.03 during trading hours on Monday, reaching $22.16. The stock had a trading volume of 108,303 shares, compared to its average volume of 98,189. The firm has a market cap of $825.66 million, a price-to-earnings ratio of 22.85 and a beta of 1.19. The business's fifty day moving average price is $22.49 and its two-hundred day moving average price is $21.36. Tiptree Inc. has a 52-week low of $15.60 and a 52-week high of $26.90.

Tiptree (NASDAQ:TIPT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $503.60 million during the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%.

Tiptree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.06 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.08%. Tiptree's payout ratio is 18.60%.

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.