19,380 Shares in Tiptree Inc. (NASDAQ:TIPT) Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. acquired a new stake in shares of Tiptree Inc. (NASDAQ:TIPT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,380 shares of the financial services provider’s stock, valued at approximately $367,000.

A number of other institutional investors have also recently added to or reduced their stakes in TIPT. Cannell Capital LLC increased its stake in Tiptree by 17.2% during the 3rd quarter. Cannell Capital LLC now owns 884,084 shares of the financial services provider’s stock valued at $14,817,000 after buying an additional 129,529 shares during the period. Swiss National Bank boosted its holdings in shares of Tiptree by 3.2% in the third quarter. Swiss National Bank now owns 48,523 shares of the financial services provider’s stock valued at $813,000 after acquiring an additional 1,500 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Tiptree by 9.2% during the third quarter. Hsbc Holdings PLC now owns 18,927 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 1,595 shares during the period. Raymond James & Associates raised its holdings in Tiptree by 25.3% during the third quarter. Raymond James & Associates now owns 75,100 shares of the financial services provider’s stock worth $1,259,000 after purchasing an additional 15,142 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Tiptree by 34.5% in the fourth quarter. SG Americas Securities LLC now owns 11,829 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 3,035 shares during the period. 37.78% of the stock is currently owned by institutional investors.

Insider Transactions at Tiptree

In other Tiptree news, CEO Jonathan Ilany bought 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average cost of $16.95 per share, with a total value of $49,155.00. Following the completion of the purchase, the chief executive officer now directly owns 190,471 shares in the company, valued at $3,228,483.45. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 31.78% of the company’s stock.

Tiptree Stock Performance

Shares of NASDAQ TIPT opened at $16.23 on Wednesday. Tiptree Inc. has a 1 year low of $12.12 and a 1 year high of $20.80. The firm has a market cap of $596.63 million, a P/E ratio of 28.47 and a beta of 1.23. The stock has a fifty day moving average price of $16.68 and a two-hundred day moving average price of $17.58.

Tiptree (NASDAQ:TIPT) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $0.44 earnings per share for the quarter. The business had revenue of $498.22 million during the quarter. Tiptree had a return on equity of 12.49% and a net margin of 1.36%.

Tiptree Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 20th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.48%. Tiptree’s dividend payout ratio (DPR) is 42.11%.

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.