Boston Partners Sells 27,761 Shares of Tiptree Inc. (NASDAQ:TIPT)

Boston Partners cut its position in shares of Tiptree Inc. (NASDAQ:TIPT - Free Report) by 52.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,052 shares of the financial services provider's stock after selling 27,761 shares during the period. Boston Partners owned 0.07% of Tiptree worth $523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TIPT. Charles Schwab Investment Management Inc. grew its holdings in Tiptree by 166.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 183,552 shares of the financial services provider's stock worth $3,592,000 after purchasing an additional 114,568 shares during the period. Royce & Associates LP lifted its position 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 valued at $10,936,000 after buying an additional 68,338 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in shares of Tiptree by 35.5% during the 4th quarter. Hodges Capital Management Inc. now owns 168,853 shares of the financial services provider's stock worth $3,522,000 after acquiring an additional 44,269 shares during the period. Barclays PLC boosted its stake in shares of Tiptree by 74.2% during the 3rd quarter. Barclays PLC now owns 72,745 shares of the financial services provider's stock worth $1,424,000 after acquiring an additional 30,985 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Tiptree during the 4th quarter worth approximately $642,000. 37.78% of the stock is owned by institutional investors.

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Tiptree Price Performance

Tiptree stock traded up $0.15 during mid-day trading on Wednesday, hitting $24.99. 498,352 shares of the company's stock traded hands, compared to its average volume of 88,729. The firm has a 50 day simple moving average of $21.25 and a two-hundred day simple moving average of $20.80. Tiptree Inc. has a fifty-two week low of $15.52 and a fifty-two week high of $26.56. The stock has a market cap of $931.10 million, a price-to-earnings ratio of 25.76 and a beta of 1.31.

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

Tiptree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.24 annualized dividend and a yield of 0.96%. Tiptree's dividend payout ratio (DPR) is presently 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.