Charles Schwab Investment Management Inc. Boosts Stake in Tiptree Inc. (NASDAQ:TIPT)

Charles Schwab Investment Management Inc. raised its stake in shares of Tiptree Inc. (NASDAQ:TIPT) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,823 shares of the financial services provider’s stock after acquiring an additional 1,271 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.50% of Tiptree worth $3,855,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TIPT. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Tiptree during the 3rd quarter worth $85,000. FMR LLC raised its holdings in Tiptree by 43.1% in the third quarter. FMR LLC now owns 4,449 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 1,339 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Tiptree during the third quarter valued at about $149,000. BBR Partners LLC bought a new stake in shares of Tiptree in the 3rd quarter valued at about $294,000. Finally, SG Americas Securities LLC grew its position in shares of Tiptree by 23.5% in the 4th quarter. SG Americas Securities LLC now owns 15,485 shares of the financial services provider’s stock worth $323,000 after buying an additional 2,944 shares during the last quarter. 37.78% of the stock is currently owned by hedge funds and other institutional investors.

Tiptree Stock Up 0.6 %

NASDAQ TIPT opened at $24.99 on Thursday. Tiptree Inc. has a 52 week low of $15.52 and a 52 week high of $26.90. The company has a 50 day moving average price of $21.35 and a 200 day moving average price of $20.83. The firm has a market cap of $931.10 million, a PE ratio of 25.76 and a beta of 1.31.

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 return on equity of 11.50% and a net margin of 2.05%. The business had revenue of $503.60 million for the quarter.

Tiptree Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Monday, March 10th. Tiptree’s dividend payout ratio is currently 18.60%.

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.