Tiptree (NASDAQ:TIPT) Trading Down 6.2% - What's Next?

Tiptree Inc. (NASDAQ:TIPT - Get Free Report)'s share price was down 6.2% during mid-day trading on Friday . The stock traded as low as $21.31 and last traded at $21.57. Approximately 76,142 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 92,676 shares. The stock had previously closed at $22.99.

Tiptree Trading Down 1.2 %

The company has a market cap of $838.02 million, a P/E ratio of 23.31 and a beta of 1.30. The business's 50 day simple moving average is $20.35 and its 200 day simple moving average is $20.38.

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. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Monday, March 10th. Tiptree's payout ratio is 18.60%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. increased its position in Tiptree by 395.9% in the fourth quarter. Invesco Ltd. now owns 261,563 shares of the financial services provider's stock worth $5,456,000 after purchasing an additional 208,814 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 worth $3,592,000 after buying an additional 114,568 shares in the last quarter. Kennedy Capital Management LLC raised its position in shares of Tiptree by 55.2% during the 4th quarter. Kennedy Capital Management LLC now owns 273,014 shares of the financial services provider's stock valued at $5,695,000 after buying an additional 97,078 shares in the last quarter. Royce & Associates LP raised its position in shares of Tiptree by 15.0% during the 4th 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Tiptree by 76.5% in the 4th quarter. JPMorgan Chase & Co. now owns 139,797 shares of the financial services provider's stock valued at $2,916,000 after acquiring an additional 60,595 shares during the last quarter. 37.78% of the stock is currently owned by institutional investors.

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About Tiptree

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.