Mercer Global Advisors Inc. ADV Invests $436,000 in Tiptree Inc. (NASDAQ:TIPT)

Mercer Global Advisors Inc. ADV purchased a new stake in Tiptree Inc. (NASDAQ:TIPT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,879 shares of the financial services provider's stock, valued at approximately $436,000. Mercer Global Advisors Inc. ADV owned 0.06% of Tiptree as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TIPT. Invesco Ltd. boosted its position in shares of Tiptree by 395.9% in the 4th quarter. Invesco Ltd. now owns 261,563 shares of the financial services provider's stock valued at $5,456,000 after purchasing an additional 208,814 shares during the period. Kennedy Capital Management LLC boosted its position in shares of Tiptree by 55.2% in the 4th quarter. Kennedy Capital Management LLC now owns 273,014 shares of the financial services provider's stock valued at $5,695,000 after purchasing an additional 97,078 shares during the period. Royce & Associates LP boosted its position in shares of Tiptree by 15.0% in the 4th 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. JPMorgan Chase & Co. boosted its position in shares of Tiptree by 76.5% in the 4th quarter. JPMorgan Chase & Co. now owns 139,797 shares of the financial services provider's stock valued at $2,916,000 after purchasing an additional 60,595 shares during the period. Finally, Hodges Capital Management Inc. lifted its stake in Tiptree by 35.5% in the 4th quarter. Hodges Capital Management Inc. now owns 168,853 shares of the financial services provider's stock worth $3,522,000 after acquiring an additional 44,269 shares in the last quarter. Institutional investors and hedge funds own 37.78% of the company's stock.

Tiptree Price Performance

Tiptree stock traded up $0.17 during mid-day trading on Monday, hitting $22.22. The company's stock had a trading volume of 136,407 shares, compared to its average volume of 100,717. The firm's 50 day moving average is $22.35 and its 200 day moving average is $21.51. The company has a market cap of $833.18 million, a PE ratio of 22.91 and a beta of 1.16. 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 data on Wednesday, April 30th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter. The firm had revenue of $497.43 million during 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 disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.08%. The ex-dividend date is Monday, May 12th. Tiptree's dividend payout ratio is currently 20.00%.

Analyst Upgrades and Downgrades

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

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.