Tiptree Inc. (NASDAQ:TIPT) Stake Lowered by Breach Inlet Capital Management LLC

Breach Inlet Capital Management LLC lessened its stake in Tiptree Inc. (NASDAQ:TIPT) by 10.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 711,536 shares of the financial services provider’s stock after selling 85,635 shares during the quarter. Tiptree makes up 10.5% of Breach Inlet Capital Management LLC’s holdings, making the stock its 4th largest holding. Breach Inlet Capital Management LLC’s holdings in Tiptree were worth $14,843,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Tiptree by 74.2% in the 3rd quarter. Barclays PLC now owns 72,745 shares of the financial services provider’s stock worth $1,424,000 after purchasing an additional 30,985 shares in the last quarter. FMR LLC boosted its position in shares of Tiptree by 43.1% during the third quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock valued at $87,000 after buying an additional 1,339 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Tiptree by 166.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 183,552 shares of the financial services provider’s stock worth $3,592,000 after buying an additional 114,568 shares in the last quarter. JPMorgan Chase & Co. raised its position in Tiptree by 55.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,202 shares of the financial services provider’s stock worth $1,550,000 after buying an additional 28,400 shares during the last quarter. Finally, State Street Corp lifted its stake 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. Institutional investors own 37.78% of the company’s stock.

Tiptree Stock Down 9.5 %

Shares of NASDAQ TIPT opened at $21.79 on Friday. The firm’s 50-day moving average price is $21.83 and its 200-day moving average price is $21.04. Tiptree Inc. has a 52-week low of $15.52 and a 52-week high of $26.90. The company has a market cap of $811.87 million, a PE ratio of 22.46 and a beta of 1.31.

Tiptree (NASDAQ:TIPT) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $0.67 EPS for the quarter. The business 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Monday, March 10th. Tiptree’s dividend payout ratio (DPR) is presently 18.60%.

Tiptree 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.