Shares of Tiptree Inc. (NASDAQ:TIPT - Get Free Report) rose 4.1% during mid-day trading on Tuesday . The company traded as high as $23.64 and last traded at $24.19. Approximately 32,786 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 85,363 shares. The stock had previously closed at $23.24.
Tiptree Trading Down 2.1 %
The business's fifty day moving average price is $21.48 and its 200 day moving average price is $20.88. The company has a market capitalization of $867.02 million, a P/E ratio of 23.99 and a beta of 1.31.
Tiptree (NASDAQ:TIPT - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.67 earnings per share for the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%. The company had revenue of $503.60 million for the quarter.
Tiptree Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid 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 1.03%. Tiptree's dividend payout ratio is currently 18.60%.
Institutional Investors Weigh In On Tiptree
Several institutional investors and hedge funds have recently made changes to their positions in TIPT. Group One Trading LLC increased its position in shares of Tiptree by 192.8% during the 4th quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider's stock worth $39,000 after purchasing an additional 3,856 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Tiptree during the fourth quarter worth about $83,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Tiptree during the third quarter worth approximately $85,000. Aquatic Capital Management LLC bought a new position in shares of Tiptree in the fourth quarter valued at approximately $85,000. Finally, FMR LLC boosted its holdings in shares of Tiptree by 43.1% in the 3rd quarter. FMR LLC now owns 4,449 shares of the financial services provider's stock worth $87,000 after acquiring an additional 1,339 shares in the last quarter. Institutional investors and hedge funds own 37.78% of the company's stock.
Tiptree Company Profile
(
Get 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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