Voleon Capital Management LP Purchases New Shares in Tiptree Inc. (NASDAQ:TIPT)

Voleon Capital Management LP purchased a new position in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 20,871 shares of the financial services provider's stock, valued at approximately $435,000. Voleon Capital Management LP owned approximately 0.06% of Tiptree at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Tiptree by 55.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,202 shares of the financial services provider's stock valued at $1,550,000 after buying an additional 28,400 shares during the period. Barclays PLC increased its stake in Tiptree by 74.2% in the third quarter. Barclays PLC now owns 72,745 shares of the financial services provider's stock valued at $1,424,000 after acquiring an additional 30,985 shares during the period. Hodges Capital Management Inc. raised its position in Tiptree by 35.5% in the fourth quarter. Hodges Capital Management Inc. now owns 168,853 shares of the financial services provider's stock worth $3,522,000 after purchasing an additional 44,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Tiptree by 44.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,000 shares of the financial services provider's stock worth $1,085,000 after purchasing an additional 15,881 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Tiptree during the fourth quarter valued at approximately $642,000. 37.78% of the stock is currently owned by institutional investors and hedge funds.

Tiptree Trading Up 0.7 %

Shares of Tiptree stock traded up $0.14 during mid-day trading on Monday, reaching $21.18. 137,702 shares of the stock were exchanged, compared to its average volume of 99,445. Tiptree Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $26.90. The company has a market cap of $789.15 million, a price-to-earnings ratio of 21.84 and a beta of 1.19. The firm has a 50-day simple moving average of $22.62 and a 200 day simple moving average of $21.39.

Tiptree (NASDAQ:TIPT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.49 earnings per share 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 during the quarter.

Tiptree Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 12th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, May 12th. Tiptree's dividend payout ratio is 20.00%.

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.