20,879 Shares in Tiptree Inc. (NASDAQ:TIPT) Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV purchased a new stake in Tiptree Inc. (NASDAQ:TIPT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 20,879 shares of the financial services provider’s stock, valued at approximately $436,000.

Other hedge funds have also made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in shares of Tiptree during the 4th quarter worth approximately $83,000. Aquatic Capital Management LLC bought a new stake in Tiptree during the 4th quarter worth about $85,000. Price T Rowe Associates Inc. MD acquired a new position in Tiptree during the 4th quarter valued at about $200,000. Trexquant Investment LP boosted its stake in Tiptree by 24.9% in the fourth quarter. Trexquant Investment LP now owns 13,221 shares of the financial services provider’s stock valued at $276,000 after acquiring an additional 2,635 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Tiptree by 31.9% during the 4th quarter. Wells Fargo & Company MN now owns 14,087 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 3,403 shares during the period. Institutional investors and hedge funds own 37.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Tiptree from a “buy” rating to a “hold” rating in a research report on Monday, May 5th.

Tiptree Stock Performance

Shares of TIPT opened at $21.73 on Wednesday. The firm has a market cap of $809.64 million, a P/E ratio of 22.40 and a beta of 1.16. The firm’s 50-day simple moving average is $22.43 and its 200 day simple moving average is $21.45. Tiptree Inc. has a 52 week low of $15.60 and a 52 week high of $26.90.

Tiptree (NASDAQ:TIPT) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.49 earnings per share for the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%. The firm had revenue of $497.43 million during the quarter.

Tiptree Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, May 12th. Tiptree’s payout ratio is currently 20.00%.

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.