Tiptree Financial Inc. (NASDAQ:TIPT) announced a quarterly dividend on Thursday, November 2nd, NASDAQ reports. Investors of record on Monday, November 20th will be paid a dividend of 0.03 per share by the financial services provider on Monday, November 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, November 17th.
Shares of Tiptree Financial (NASDAQ:TIPT) opened at $6.15 on Friday. Tiptree Financial has a 1 year low of $5.70 and a 1 year high of $7.60. The stock has a market capitalization of $264.77, a P/E ratio of 307.50 and a beta of -0.42.
An institutional investor recently raised its position in Tiptree Financial stock. State Street Corp grew its stake in shares of Tiptree Financial Inc. (NASDAQ:TIPT) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 397,363 shares of the financial services provider’s stock after purchasing an additional 21,556 shares during the quarter. State Street Corp owned about 1.37% of Tiptree Financial worth $2,801,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 45.08% of the company’s stock.
Several research analysts have weighed in on the company. BidaskClub lowered Tiptree Financial from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. TheStreet lowered Tiptree Financial from a “c” rating to a “d+” rating in a research report on Friday, August 18th.
Tiptree Financial Company Profile
Tiptree Inc, formerly Tiptree Financial Inc, is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations through Tiptree Operating Company, LLC (the Operating Company). It operates through four segments: specialty insurance, asset management, senior living and specialty finance.
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