Tiptree Financial (NASDAQ:TIPT) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Tiptree Financial Inc. (NASDAQ:TIPT)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.45 and traded as low as $17.40. Tiptree Financial shares last traded at $17.53, with a volume of 198,778 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Weiss Ratings downgraded shares of Tiptree Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. Wall Street Zen upgraded Tiptree Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tiptree Financial presently has a consensus rating of “Hold”.

Tiptree Financial Price Performance

The firm’s 50-day moving average is $18.02 and its 200-day moving average is $17.46. The company has a market capitalization of $653.19 million, a P/E ratio of 1.62 and a beta of 0.93.

Tiptree Financial (NASDAQ:TIPT) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $10.30 earnings per share for the quarter. The business had revenue of $3.92 million for the quarter. Tiptree Financial had a net margin of 2.36% and a return on equity of 0.75%.

Tiptree Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were paid a $0.06 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.24 annualized dividend and a yield of 1.4%. Tiptree Financial’s payout ratio is presently 2.22%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TIPT. WINTON GROUP Ltd bought a new stake in shares of Tiptree Financial in the second quarter worth about $411,000. Squarepoint Ops LLC grew its holdings in Tiptree Financial by 201.7% during the 2nd quarter. Squarepoint Ops LLC now owns 74,053 shares of the financial services provider’s stock valued at $1,327,000 after buying an additional 49,510 shares in the last quarter. Empowered Funds LLC purchased a new position in Tiptree Financial during the 2nd quarter valued at approximately $2,297,000. Raffles Associates LP bought a new stake in Tiptree Financial in the 2nd quarter worth approximately $1,000,000. Finally, Bank of America Corp DE bought a new stake in Tiptree Financial in the 2nd quarter worth approximately $854,000. Hedge funds and other institutional investors own 37.78% of the company’s stock.

Tiptree Financial Company Profile

Tiptree Inc, formerly known as Tiptree Financial, is a diversified holding company that operates businesses in insurance and specialty finance. The company focuses on building and managing operating businesses rather than providing a single product or service under the Tiptree name.

Its principal business is Fortegra, a specialty insurance company that develops, underwrites and administers insurance products in areas such as warranty and service contracts, specialty property and casualty coverage, credit-related insurance and other niche markets.