Tiptree (NASDAQ:TIPT) Reaches New 52-Week High – What’s Next?

Tiptree Inc. (NASDAQ:TIPT)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $25.57 and last traded at $24.84, with a volume of 652759 shares changing hands. The stock had previously closed at $23.24.

Tiptree Price Performance

The company has a 50-day moving average of $21.25 and a two-hundred day moving average of $20.80. The stock has a market capitalization of $925.51 million, a PE ratio of 25.61 and a beta of 1.31.

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

Tiptree Announces Dividend

The company also recently declared 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 was Monday, March 10th. This represents a $0.24 annualized dividend and a yield of 0.97%. Tiptree’s dividend payout ratio is presently 18.60%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Two Sigma Investments LP lifted its holdings in shares of Tiptree by 3.7% during the 4th quarter. Two Sigma Investments LP now owns 70,429 shares of the financial services provider’s stock valued at $1,469,000 after acquiring an additional 2,517 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Tiptree by 6.2% during the fourth quarter. Nuveen Asset Management LLC now owns 207,973 shares of the financial services provider’s stock worth $4,338,000 after purchasing an additional 12,160 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Tiptree by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,431 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 608 shares in the last quarter. Group One Trading LLC boosted its position in shares of Tiptree by 192.8% in the fourth quarter. Group One Trading LLC now owns 1,856 shares of the financial services provider’s stock worth $39,000 after buying an additional 3,856 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Tiptree by 57.0% in the fourth quarter. Deutsche Bank AG now owns 26,704 shares of the financial services provider’s stock valued at $557,000 after buying an additional 9,691 shares in the last quarter. Hedge funds and other institutional investors own 37.78% of the company’s stock.

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.