Invesco Ltd. Acquires 208,814 Shares of Tiptree Inc. (NASDAQ:TIPT)

Invesco Ltd. grew its stake in Tiptree Inc. (NASDAQ:TIPT - Free Report) by 395.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,563 shares of the financial services provider's stock after buying an additional 208,814 shares during the quarter. Invesco Ltd. owned approximately 0.71% of Tiptree worth $5,456,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TIPT. Geode Capital Management LLC increased its holdings in Tiptree by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 559,905 shares of the financial services provider's stock worth $10,959,000 after acquiring an additional 7,974 shares in the last quarter. Royce & Associates LP increased its stake 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 worth $10,936,000 after purchasing an additional 68,338 shares in the last quarter. State Street Corp raised its position in shares of Tiptree by 1.9% during the 3rd quarter. State Street Corp now owns 494,299 shares of the financial services provider's stock valued at $9,673,000 after purchasing an additional 9,059 shares during the period. Hillsdale Investment Management Inc. lifted its stake in shares of Tiptree by 0.5% during the 4th 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Tiptree by 0.7% in 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 period. Institutional investors own 37.78% of the company's stock.

Tiptree Stock Down 0.1 %

NASDAQ:TIPT traded down $0.03 on Monday, reaching $22.16. 108,303 shares of the company's stock traded hands, compared to its average volume of 98,189. The firm has a market cap of $825.66 million, a PE ratio of 22.85 and a beta of 1.19. The stock has a 50-day simple moving average of $22.49 and a 200-day simple moving average of $21.36. Tiptree Inc. has a 12 month low of $15.60 and a 12 month high of $26.90.

Tiptree (NASDAQ:TIPT - Get Free Report) last posted 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 return on equity of 11.50% and a net margin of 2.05%.

Tiptree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 yield of 1.08%. Tiptree's dividend payout ratio is currently 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.