Tiptree Inc. (NASDAQ:TIPT - Get Free Report) shares rose 4.5% during mid-day trading on Tuesday . The stock traded as high as $23.19 and last traded at $23.01. Approximately 43,413 shares changed hands during trading, a decline of 55% from the average daily volume of 96,896 shares. The stock had previously closed at $22.02.
Tiptree Trading Down 0.9 %
The stock has a fifty day moving average price of $22.20 and a 200 day moving average price of $21.23. The firm has a market cap of $838.70 million, a price-to-earnings ratio of 23.21 and a beta of 1.19.
Tiptree (NASDAQ:TIPT - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.67 EPS for the quarter. The company had revenue of $503.60 million for the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.50%.
Tiptree Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, March 10th. Tiptree's dividend payout ratio is currently 18.60%.
Institutional Trading of Tiptree
Hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC lifted its holdings in shares of Tiptree by 192.8% during the fourth quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider's stock worth $39,000 after buying an additional 3,856 shares during the last quarter. GAMMA Investing LLC increased its position in Tiptree by 10,791.3% during the first quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider's stock worth $60,000 after acquiring an additional 2,482 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Tiptree during the 4th quarter valued at $83,000. Aquatic Capital Management LLC bought a new stake in Tiptree in the 4th quarter valued at $85,000. Finally, FMR LLC grew its position in Tiptree by 43.1% in the 3rd quarter. FMR LLC now owns 4,449 shares of the financial services provider's stock worth $87,000 after purchasing an additional 1,339 shares during the last quarter. Institutional investors own 37.78% of the company's stock.
Tiptree Company Profile
(
Get Free Report)
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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