Tiptree Inc. (NASDAQ:TIPT - Get Free Report) shares traded up 3.1% on Monday . The company traded as high as $24.23 and last traded at $23.98. 114,278 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 91,462 shares. The stock had previously closed at $23.27.
Tiptree Stock Performance
The company's 50-day moving average price is $21.83 and its 200 day moving average price is $21.04. The stock has a market capitalization of $811.87 million, a P/E ratio of 22.46 and a beta of 1.31.
Tiptree (NASDAQ:TIPT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.67 EPS for the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%. The business had revenue of $503.60 million for the quarter.
Tiptree Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.24 annualized dividend and a yield of 1.10%. Tiptree's payout ratio is 18.60%.
Hedge Funds Weigh In On Tiptree
Several hedge funds have recently modified their holdings of TIPT. Group One Trading LLC grew its stake in Tiptree by 192.8% during the fourth quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 3,856 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Tiptree during the fourth quarter valued at about $83,000. Aquatic Capital Management LLC bought a new stake in shares of Tiptree in the fourth quarter worth about $85,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Tiptree in the third quarter worth about $85,000. Finally, FMR LLC lifted its position in shares of Tiptree by 43.1% in the third quarter. FMR LLC now owns 4,449 shares of the financial services provider's stock worth $87,000 after buying an additional 1,339 shares in the last quarter. Hedge funds and other institutional investors 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.
Further Reading
Before you consider Tiptree, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tiptree wasn't on the list.
While Tiptree currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
