Atria Wealth Solutions Inc. Acquires 1,000 Shares of Tiptree Inc. (NASDAQ:TIPT)

Atria Wealth Solutions Inc. grew its stake in Tiptree Inc. (NASDAQ:TIPT) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,680 shares of the financial services provider’s stock after acquiring an additional 1,000 shares during the quarter. Atria Wealth Solutions Inc. owned 0.05% of Tiptree worth $390,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TIPT. Barclays PLC boosted its holdings in shares of Tiptree by 74.2% during the 3rd quarter. Barclays PLC now owns 72,745 shares of the financial services provider’s stock valued at $1,424,000 after acquiring an additional 30,985 shares during the last quarter. FMR LLC lifted its position in shares of Tiptree by 43.1% in the third quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 1,339 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 114,568 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Tiptree by 55.9% in the third 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 in the last quarter. Finally, State Street Corp lifted its stake in 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 purchasing an additional 9,059 shares in the last quarter. 37.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded Tiptree from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st.

Tiptree Stock Performance

NASDAQ TIPT opened at $22.99 on Friday. The business’s 50 day moving average price is $20.25 and its 200-day moving average price is $20.29. The company has a market cap of $851.92 million, a P/E ratio of 23.70 and a beta of 1.30. Tiptree Inc. has a fifty-two week low of $15.52 and a fifty-two week high of $24.09.

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

Tiptree Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.24 annualized dividend and a yield of 1.04%. Tiptree’s dividend payout ratio (DPR) is currently 24.74%.

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.