Teacher Retirement System of Texas Has $865,000 Holdings in Tiptree Inc. (NASDAQ:TIPT)

Teacher Retirement System of Texas lifted its position in Tiptree Inc. (NASDAQ:TIPT) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,444 shares of the financial services provider’s stock after purchasing an additional 1,719 shares during the quarter. Teacher Retirement System of Texas owned 0.11% of Tiptree worth $865,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Tiptree in the 3rd quarter valued at $85,000. FMR LLC increased its stake in 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 during the period. SG Americas Securities LLC raised its position in Tiptree by 23.5% in the fourth quarter. SG Americas Securities LLC now owns 15,485 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 2,944 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in Tiptree by 5.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 18,680 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 1,000 shares during the period. Finally, PDT Partners LLC boosted its holdings in Tiptree by 38.6% during the third quarter. PDT Partners LLC now owns 19,431 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 5,413 shares in the last quarter. 37.78% of the stock is owned by institutional investors.

Tiptree Trading Down 2.1 %

Shares of TIPT opened at $23.27 on Friday. The stock has a market cap of $867.02 million, a PE ratio of 23.99 and a beta of 1.31. Tiptree Inc. has a 1 year low of $15.52 and a 1 year high of $26.90. The stock has a 50 day simple moving average of $21.48 and a 200-day simple moving average of $20.90.

Tiptree (NASDAQ:TIPT) last released its quarterly earnings data 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 firm had revenue of $503.60 million during the quarter.

Tiptree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.06 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.24 dividend on an annualized basis and a yield of 1.03%. Tiptree’s dividend payout ratio (DPR) is presently 18.60%.

Tiptree Profile

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.