Teacher Retirement System of Texas Has $865,000 Stock Holdings in Tiptree Inc. (NASDAQ:TIPT)

Teacher Retirement System of Texas increased its stake in shares of Tiptree Inc. (NASDAQ:TIPT) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,444 shares of the financial services provider’s stock after buying an additional 1,719 shares during the period. Teacher Retirement System of Texas’ holdings in Tiptree were worth $865,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TIPT. Geode Capital Management LLC raised its stake in shares of Tiptree by 1.4% in the third quarter. Geode Capital Management LLC now owns 559,905 shares of the financial services provider’s stock worth $10,959,000 after acquiring an additional 7,974 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Tiptree by 15.0% in the fourth 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. State Street Corp raised its position in Tiptree by 1.9% in the 3rd quarter. State Street Corp now owns 494,299 shares of the financial services provider’s stock worth $9,673,000 after purchasing an additional 9,059 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Tiptree by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 184,823 shares of the financial services provider’s stock worth $3,855,000 after purchasing an additional 1,271 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in Tiptree by 35.5% during the 4th quarter. Hodges Capital Management Inc. now owns 168,853 shares of the financial services provider’s stock worth $3,522,000 after buying an additional 44,269 shares in the last quarter. Institutional investors own 37.78% of the company’s stock.

Tiptree Stock Performance

NASDAQ TIPT opened at $23.27 on Friday. The stock has a market capitalization of $867.02 million, a P/E ratio of 23.99 and a beta of 1.31. Tiptree Inc. has a 52 week low of $15.52 and a 52 week high of $26.90. The stock has a fifty day moving average of $21.48 and a 200-day moving average of $20.90.

Tiptree (NASDAQ:TIPT) last announced its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.67 EPS for the quarter. The firm 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Monday, March 10th. Tiptree’s dividend payout ratio is 18.60%.

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.