Alliancebernstein L.P. Has $491,000 Stake in Tiptree Inc. (NASDAQ:TIPT)

Alliancebernstein L.P. lifted its position in shares of Tiptree Inc. (NASDAQ:TIPT) by 25.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 23,560 shares of the financial services provider’s stock after purchasing an additional 4,710 shares during the period. Alliancebernstein L.P.’s holdings in Tiptree were worth $491,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Tiptree by 76.5% in the 4th quarter. JPMorgan Chase & Co. now owns 139,797 shares of the financial services provider’s stock valued at $2,916,000 after purchasing an additional 60,595 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Tiptree in the 4th quarter worth approximately $83,000. Hillsdale Investment Management Inc. increased its stake in Tiptree by 0.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 221,977 shares of the financial services provider’s stock valued at $4,630,000 after acquiring an additional 1,200 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Tiptree by 4.3% during the 4th quarter. Teacher Retirement System of Texas now owns 41,444 shares of the financial services provider’s stock valued at $865,000 after buying an additional 1,719 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Tiptree by 15.0% in the 4th quarter. Royce & Associates LP now owns 524,247 shares of the financial services provider’s stock valued at $10,936,000 after purchasing an additional 68,338 shares in the last quarter. Institutional investors own 37.78% of the company’s stock.

Tiptree Trading Down 0.9 %

TIPT opened at $22.51 on Monday. The business’s 50-day moving average price is $22.20 and its 200-day moving average price is $21.24. Tiptree Inc. has a 12 month low of $15.60 and a 12 month high of $26.90. The company has a market cap of $838.70 million, a P/E ratio of 23.21 and a beta of 1.19.

Tiptree (NASDAQ:TIPT) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.67 earnings per share for the quarter. The business 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.24 annualized dividend and a dividend yield of 1.07%. Tiptree’s payout ratio is 18.60%.

Tiptree Company 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.