Tiptree Inc. (NASDAQ:TIPT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Tiptree Inc. (NASDAQ:TIPT) by 0.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 184,823 shares of the financial services provider’s stock after purchasing an additional 1,271 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Tiptree were worth $3,855,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Tiptree in the 3rd quarter worth $85,000. FMR LLC grew its stake in Tiptree by 43.1% during the 3rd quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 1,339 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Tiptree in the third quarter valued at about $149,000. BBR Partners LLC purchased a new position in shares of Tiptree in the third quarter worth about $294,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Tiptree by 23.5% during the fourth quarter. SG Americas Securities LLC now owns 15,485 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 2,944 shares during the period. 37.78% of the stock is owned by hedge funds and other institutional investors.

Tiptree Trading Up 0.6 %

Shares of NASDAQ:TIPT opened at $24.99 on Thursday. Tiptree Inc. has a twelve month low of $15.52 and a twelve month high of $26.90. The company has a market cap of $931.10 million, a PE ratio of 25.76 and a beta of 1.31. The company’s 50 day moving average is $21.35 and its 200 day moving average is $20.83.

Tiptree (NASDAQ:TIPT) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.67 earnings per share for the quarter. The firm had revenue of $503.60 million for 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. Stockholders of record on Monday, March 10th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.24 annualized dividend and a dividend 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.