Tiptree (NASDAQ:TIPT) Trading 3.1% Higher – Should You Buy?

Shares of Tiptree Inc. (NASDAQ:TIPT) rose 3.1% on Monday . The stock traded as high as $24.23 and last traded at $23.98. Approximately 114,278 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 91,462 shares. The stock had previously closed at $23.27.

Tiptree Price Performance

The company has a market capitalization of $886.76 million, a PE ratio of 24.54 and a beta of 1.31. The company has a 50 day moving average of $21.63 and a two-hundred day moving average of $20.98.

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

Tiptree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.24 annualized dividend and a dividend yield of 1.01%. Tiptree’s payout ratio is 18.60%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Group One Trading LLC boosted its holdings in 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 acquiring an additional 3,856 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Tiptree in the 4th quarter worth about $83,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Tiptree in the 3rd quarter worth about $85,000. Aquatic Capital Management LLC purchased a new stake in Tiptree during the 4th quarter valued at about $85,000. Finally, FMR LLC increased 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 in the last quarter. 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.