Tiptree Inc (NASDAQ:TIPT) reached a new 52-week low on Thursday . The stock traded as low as $5.27 and last traded at $5.35, with a volume of 5 shares. The stock had previously closed at $5.48.
Tiptree (NASDAQ:TIPT) last posted its quarterly earnings data on Monday, November 5th. The financial services provider reported ($0.02) earnings per share for the quarter. Tiptree had a negative return on equity of 3.93% and a net margin of 5.41%. The firm had revenue of $172.67 million for the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 26th. Stockholders of record on Monday, November 19th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, November 16th.
In other news, CFO Sandra Bell sold 8,682 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of $6.55, for a total transaction of $56,867.10. Following the completion of the sale, the chief financial officer now directly owns 41,881 shares in the company, valued at $274,320.55. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 23.68% of the company’s stock.
A number of large investors have recently bought and sold shares of TIPT. Citadel Advisors LLC acquired a new stake in Tiptree in the third quarter worth $108,000. SG Americas Securities LLC acquired a new stake in Tiptree in the third quarter worth $112,000. Jane Street Group LLC grew its holdings in Tiptree by 95.1% in the second quarter. Jane Street Group LLC now owns 19,649 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 9,580 shares during the period. Trexquant Investment LP acquired a new stake in Tiptree in the third quarter worth $141,000. Finally, Bessemer Group Inc. grew its holdings in Tiptree by 120.3% in the third quarter. Bessemer Group Inc. now owns 32,600 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 17,800 shares during the period. Institutional investors and hedge funds own 65.87% of the company’s stock.
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About Tiptree (NASDAQ:TIPT)
Tiptree Inc, through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. It operates through three segments: Specialty Insurance, Asset Management, and Mortgage. The company provides credit protection insurance, warranty and service contract products, and insurance programs that underwrite niche personal and commercial lines of insurance, as well as offers value-add services, including premium finance and business processing services.
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