Tiptree Inc. (TIPT) To Go Ex-Dividend on August 19th

Tiptree Inc. (NASDAQ:TIPT) declared a quarterly dividend on Tuesday, July 30th, NASDAQ reports. Shareholders of record on Monday, August 19th will be given a dividend of 0.06 per share by the financial services provider on Monday, August 26th. This represents a $0.24 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Monday, August 19th.

Tiptree has increased its dividend by an average of 7.7% per year over the last three years.

Tiptree Price Performance

TIPT traded down $1.50 on Thursday, hitting $18.25. 144,457 shares of the stock were exchanged, compared to its average volume of 102,354. Tiptree has a 12 month low of $14.48 and a 12 month high of $20.80. The business has a 50-day moving average of $17.25 and a two-hundred day moving average of $17.25. The firm has a market capitalization of $671.24 million, a price-to-earnings ratio of 31.93 and a beta of 1.30.

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

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Tiptree from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Insider Transactions at Tiptree

In other news, CEO Jonathan Ilany acquired 1,550 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of $17.50 per share, with a total value of $27,125.00. Following the acquisition, the chief executive officer now owns 192,021 shares in the company, valued at approximately $3,360,367.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 31.78% of the company’s stock.

About Tiptree

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.