Tiptree (NASDAQ:TIPT) Trading Down 6.2% – Should You Sell?

Tiptree Inc. (NASDAQ:TIPT) dropped 6.2% during trading on Friday . The stock traded as low as $21.31 and last traded at $21.57. Approximately 76,142 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 92,676 shares. The stock had previously closed at $22.99.

Tiptree Stock Performance

The company has a 50 day moving average of $20.30 and a 200 day moving average of $20.33. The stock has a market capitalization of $838.58 million, a price-to-earnings ratio of 23.33 and a beta of 1.30.

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

Tiptree Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Monday, March 10th. Tiptree’s dividend payout ratio (DPR) is presently 24.74%.

Institutional Trading of Tiptree

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC increased its stake 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 acquiring an additional 30,985 shares during the last quarter. FMR LLC increased its stake in shares of Tiptree by 43.1% in the 3rd quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 1,339 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of 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 acquiring an additional 114,568 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 28,400 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Tiptree by 1.9% in the 3rd quarter. State Street Corp now owns 494,299 shares of the financial services provider’s stock worth $9,673,000 after acquiring an additional 9,059 shares during the last quarter. 37.78% of the stock is owned by institutional investors and hedge funds.

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.