Tiptree (TIPT) Reaches New 12-Month Low at $5.27

Tiptree Inc (NASDAQ:TIPT) hit a new 52-week low on Thursday . The company traded as low as $5.27 and last traded at $5.35, with a volume of 5 shares trading hands. The stock had previously closed at $5.48.

Tiptree (NASDAQ:TIPT) last announced its quarterly earnings results on Monday, November 5th. The financial services provider reported ($0.02) earnings per share for the quarter. Tiptree had a net margin of 5.41% and a negative return on equity of 3.93%. The company had revenue of $172.67 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Monday, November 19th were given a $0.035 dividend. The ex-dividend date of this dividend was Friday, November 16th. This represents a $0.14 dividend on an annualized basis and a yield of 2.70%.

In related news, CFO Sandra Bell sold 8,682 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $6.55, for a total value of $56,867.10. Following the completion of the sale, the chief financial officer now directly owns 41,881 shares of the company’s stock, valued at $274,320.55. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 23.68% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Tiptree by 14.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,201,967 shares of the financial services provider’s stock valued at $7,873,000 after purchasing an additional 154,226 shares in the last quarter. Jane Street Group LLC grew its holdings in Tiptree by 92.3% during the 3rd quarter. Jane Street Group LLC now owns 37,786 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 18,137 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Tiptree by 150.6% during the 3rd quarter. Renaissance Technologies LLC now owns 126,303 shares of the financial services provider’s stock valued at $827,000 after purchasing an additional 75,903 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Tiptree during the 3rd quarter valued at $108,000. Finally, Dimensional Fund Advisors LP grew its holdings in Tiptree by 4.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,629,168 shares of the financial services provider’s stock valued at $17,221,000 after purchasing an additional 100,082 shares in the last quarter. 65.87% of the stock is owned by institutional investors and hedge funds.

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About Tiptree (NASDAQ:TIPT)

Tiptree Inc, through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. It operates through three segments: Specialty Insurance, Asset Management, and Mortgage. The company provides credit protection insurance, warranty and service contract products, and insurance programs that underwrite niche personal and commercial lines of insurance, as well as offers value-add services, including premium finance and business processing services.

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