Connor Clark & Lunn Investment Management Ltd. Boosts Stock Holdings in Tiptree Inc. (NASDAQ:TIPT)

Connor Clark & Lunn Investment Management Ltd. raised its stake in Tiptree Inc. (NASDAQ:TIPT - Free Report) by 44.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,000 shares of the financial services provider's stock after purchasing an additional 15,881 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.14% of Tiptree worth $1,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TIPT. Charles Schwab Investment Management Inc. grew its position in shares of Tiptree by 166.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 183,552 shares of the financial services provider's stock valued at $3,592,000 after buying an additional 114,568 shares during the last quarter. Hodges Capital Management Inc. boosted its stake 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 valued at $3,522,000 after acquiring an additional 44,269 shares in the last quarter. Barclays PLC grew its holdings in shares of Tiptree by 74.2% during the third quarter. Barclays PLC now owns 72,745 shares of the financial services provider's stock worth $1,424,000 after purchasing an additional 30,985 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Tiptree during the fourth quarter worth about $642,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 28,400 shares during the last quarter. Institutional investors and hedge funds own 37.78% of the company's stock.

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Tiptree Trading Up 0.7 %

Shares of NASDAQ TIPT traded up $0.16 during trading hours on Monday, reaching $23.24. The stock had a trading volume of 88,204 shares, compared to its average volume of 85,364. The firm has a market cap of $865.90 million, a price-to-earnings ratio of 23.96 and a beta of 1.31. Tiptree Inc. has a fifty-two week low of $15.52 and a fifty-two week high of $24.09. The firm has a 50-day moving average of $21.07 and a 200-day moving average of $20.73.

Tiptree (NASDAQ:TIPT - Get Free Report) last announced its earnings results on Wednesday, February 26th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.50%. The business had revenue of $503.60 million for the quarter.

Tiptree Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.03%. Tiptree's payout ratio is 18.60%.

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.