Royce & Associates LP grew its holdings in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 15.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 524,247 shares of the financial services provider's stock after purchasing an additional 68,338 shares during the period. Royce & Associates LP owned approximately 1.41% of Tiptree worth $10,936,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Tiptree in the third quarter valued at approximately $85,000. FMR LLC boosted its position in shares of Tiptree by 43.1% during 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 in the last quarter. Quest Partners LLC acquired a new position in shares of Tiptree during the 3rd quarter worth $149,000. BBR Partners LLC purchased a new position in shares of Tiptree in the 3rd quarter valued at about $294,000. Finally, SG Americas Securities LLC lifted its stake in shares of Tiptree by 23.5% in the fourth quarter. SG Americas Securities LLC now owns 15,485 shares of the financial services provider's stock valued at $323,000 after purchasing an additional 2,944 shares during the period. 37.78% of the stock is owned by hedge funds and other institutional investors.
Tiptree Stock Performance
TIPT stock traded down $0.43 during trading on Friday, reaching $23.08. 226,470 shares of the company were exchanged, compared to its average volume of 85,630. The stock's 50 day moving average price is $20.98 and its 200 day moving average price is $20.69. Tiptree Inc. has a 52-week low of $15.52 and a 52-week high of $24.09. The company has a market cap of $859.94 million, a P/E ratio of 23.79 and a beta of 1.31.
Tiptree (NASDAQ:TIPT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.67 EPS for the quarter. The business 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 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.04%. The ex-dividend date was Monday, March 10th. Tiptree's dividend payout ratio (DPR) is 18.60%.
About Tiptree
(
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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