Tiptree (TIPT) Earning Somewhat Favorable News Coverage, Report Finds

Media coverage about Tiptree (NASDAQ:TIPT) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tiptree earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.1074655066787 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern’s rankings:

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Shares of NASDAQ TIPT opened at $6.25 on Friday. Tiptree has a 52-week low of $5.35 and a 52-week high of $7.50.

Tiptree (NASDAQ:TIPT) last announced its earnings results on Wednesday, March 14th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $151.43 million during the quarter. Tiptree had a net margin of 0.57% and a negative return on equity of 2.92%.

The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 26th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, March 23rd.

Tiptree announced that its Board of Directors has initiated a share repurchase plan on Monday, March 19th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Separately, BidaskClub raised Tiptree from a “sell” rating to a “hold” rating in a research report on Monday, March 26th.

In other news, CEO Jonathan Ilany bought 4,600 shares of the business’s stock in a transaction on Friday, March 16th. The shares were bought at an average price of $6.23 per share, with a total value of $28,658.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 35.53% of the stock is owned by insiders.

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Tiptree 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.

Insider Buying and Selling by Quarter for Tiptree (NASDAQ:TIPT)

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