OneDigital Investment Advisors LLC Invests $339,000 in Tiptree Inc. (NASDAQ:TIPT)

OneDigital Investment Advisors LLC acquired a new stake in Tiptree Inc. (NASDAQ:TIPT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,234 shares of the financial services provider’s stock, valued at approximately $339,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS purchased a new stake in shares of Tiptree in the 4th quarter worth approximately $83,000. Trexquant Investment LP lifted its holdings in Tiptree by 24.9% during the fourth quarter. Trexquant Investment LP now owns 13,221 shares of the financial services provider’s stock worth $276,000 after buying an additional 2,635 shares during the period. Wells Fargo & Company MN boosted its position in Tiptree by 31.9% during the 4th quarter. Wells Fargo & Company MN now owns 14,087 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 3,403 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Tiptree by 23.5% in the 4th quarter. SG Americas Securities LLC now owns 15,485 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 2,944 shares during the period. Finally, Atria Wealth Solutions Inc. raised its position in shares of Tiptree by 5.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 18,680 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 1,000 shares in the last quarter. 37.78% of the stock is owned by hedge funds and other institutional investors.

Tiptree Stock Performance

Shares of Tiptree stock opened at $22.19 on Monday. The company has a market capitalization of $826.78 million, a PE ratio of 22.88 and a beta of 1.19. The company has a 50-day simple moving average of $22.44 and a two-hundred day simple moving average of $21.34. Tiptree Inc. has a one year low of $15.60 and a one year high of $26.90.

Tiptree (NASDAQ:TIPT) last posted 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 net margin of 2.05% and a return on equity of 11.50%.

Tiptree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.08%. 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.