Tiptree (NASDAQ:TIPT) Trading Down 6.2% – Should You Sell?

Tiptree Inc. (NASDAQ:TIPT) traded down 6.2% on Friday . The company traded as low as $21.31 and last traded at $21.57. 76,142 shares were traded during trading, a decline of 18% from the average session volume of 92,676 shares. The stock had previously closed at $22.99.

Tiptree Trading Down 1.6 %

The firm has a market capitalization of $838.58 million, a PE ratio of 23.33 and a beta of 1.30. The business has a fifty day moving average price of $20.30 and a two-hundred day moving average price of $20.33.

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

Tiptree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.06 per share. 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 dividend payout ratio (DPR) is 24.74%.

Hedge Funds Weigh In On Tiptree

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Tiptree by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 559,905 shares of the financial services provider’s stock valued at $10,959,000 after acquiring an additional 7,974 shares during the period. Royce & Associates LP boosted its holdings in 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 acquiring an additional 68,338 shares during the period. State Street Corp boosted its holdings in Tiptree by 1.9% during the 3rd quarter. State Street Corp now owns 494,299 shares of the financial services provider’s stock valued at $9,673,000 after acquiring an additional 9,059 shares during the period. Kennedy Capital Management LLC boosted its holdings in 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 acquiring an additional 97,078 shares during the period. Finally, Invesco Ltd. boosted its holdings in Tiptree by 395.9% during the 4th quarter. Invesco Ltd. now owns 261,563 shares of the financial services provider’s stock valued at $5,456,000 after acquiring an additional 208,814 shares during the period. 37.78% of the stock is currently owned by hedge funds and other institutional investors.

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.