Teacher Retirement System of Texas Grows Holdings in Tiptree Financial Inc. $TIPT

Teacher Retirement System of Texas increased its position in shares of Tiptree Financial Inc. (NASDAQ:TIPT) by 23.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,340 shares of the financial services provider’s stock after buying an additional 9,630 shares during the period. Teacher Retirement System of Texas owned about 0.13% of Tiptree Financial worth $1,187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AlphaQuest LLC bought a new stake in shares of Tiptree Financial in the 2nd quarter worth about $35,000. Sanders Morris Harris LLC increased its position in shares of Tiptree Financial by 50.0% in the 2nd quarter. Sanders Morris Harris LLC now owns 30,000 shares of the financial services provider’s stock worth $707,000 after purchasing an additional 10,000 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Tiptree Financial by 28.4% in the 1st quarter. Voya Investment Management LLC now owns 27,981 shares of the financial services provider’s stock worth $674,000 after purchasing an additional 6,186 shares during the last quarter. Strs Ohio bought a new stake in shares of Tiptree Financial in the 1st quarter worth about $99,000. Finally, Empowered Funds LLC increased its position in shares of Tiptree Financial by 1.9% in the 1st quarter. Empowered Funds LLC now owns 120,640 shares of the financial services provider’s stock worth $2,906,000 after purchasing an additional 2,227 shares during the last quarter. Institutional investors own 37.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TIPT has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Tiptree Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Tiptree Financial in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Tiptree Financial Stock Up 0.9%

Tiptree Financial stock opened at $18.45 on Thursday. The firm has a 50-day moving average price of $20.32 and a two-hundred day moving average price of $21.51. The firm has a market capitalization of $691.88 million, a price-to-earnings ratio of 16.77 and a beta of 1.13. Tiptree Financial Inc. has a 52-week low of $17.07 and a 52-week high of $27.41.

Tiptree Financial (NASDAQ:TIPT) last posted its earnings results on Friday, October 31st. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. The firm had revenue of $540.30 million during the quarter. Tiptree Financial had a net margin of 2.44% and a return on equity of 14.30%.

Tiptree Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 17th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, November 17th. Tiptree Financial’s dividend payout ratio is currently 21.82%.

Tiptree Financial 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.