Tiptree Financial (NASDAQ:TIPT) Announces Quarterly Earnings Results

Tiptree Financial (NASDAQ:TIPT) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.14 EPS for the quarter, FiscalAI reports. The company had revenue of $11.05 million during the quarter.

Tiptree Financial Price Performance

Shares of TIPT stock opened at $17.32 on Friday. Tiptree Financial has a 1-year low of $15.49 and a 1-year high of $19.33. The firm has a market capitalization of $645.00 million, a PE ratio of 1.60 and a beta of 0.95. The business’s fifty day moving average price is $17.46 and its 200 day moving average price is $17.38.

Tiptree Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Monday, November 16th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, November 16th. Tiptree Financial’s dividend payout ratio (DPR) is presently 2.22%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TIPT shares. Wall Street Zen upgraded shares of Tiptree Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings lowered Tiptree Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Trading of Tiptree Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in shares of Tiptree Financial during the 2nd quarter valued at about $33,000. Nisa Investment Advisors LLC grew its holdings in Tiptree Financial by 292.1% in the third quarter. Nisa Investment Advisors LLC now owns 2,235 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 1,665 shares during the period. Persistent Asset Partners Ltd purchased a new stake in Tiptree Financial in the second quarter valued at approximately $49,000. State of Wyoming acquired a new position in Tiptree Financial during the first quarter worth approximately $61,000. Finally, GSA Capital Partners LLP purchased a new position in Tiptree Financial during the second quarter worth approximately $200,000. Hedge funds and other institutional investors own 37.78% of the company’s stock.

Tiptree Financial Company Profile

Tiptree Inc (NASDAQ: TIPT) is a diversified holding company focused primarily on insurance and specialty finance. Through its insurance operations, the company provides specialty property and casualty insurance products, warranty and service contract programs, and related risk-management solutions.

Tiptree’s insurance business, operated primarily through Fortegra, serves consumers, businesses, retailers, manufacturers, and other distribution partners. Its offerings include specialty insurance, credit-related protection, motor vehicle products, travel protection, and extended service contracts.