Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $17.47 and traded as low as $16.77. Tiptree Financial shares last traded at $16.98, with a volume of 454,523 shares traded.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Weiss Ratings downgraded Tiptree Financial from a "hold (c+)" rating to a "hold (c)" rating in a research note 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 analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold".
View Our Latest Analysis on Tiptree Financial
Tiptree Financial Price Performance
The firm's 50-day moving average is $17.96 and its two-hundred day moving average is $17.47. The company has a market cap of $632.34 million, a P/E ratio of 1.57 and a beta of 0.93.
Tiptree Financial (NASDAQ:TIPT - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $10.30 EPS for the quarter. Tiptree Financial had a net margin of 2.36% and a return on equity of 0.75%. The business had revenue of $3.92 million during the quarter.
Tiptree Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. Tiptree Financial's dividend payout ratio (DPR) is presently 2.22%.
Institutional Investors Weigh In On Tiptree Financial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Tiptree Financial in the 2nd quarter worth approximately $38,881,000. Dimensional Fund Advisors LP raised its holdings in Tiptree Financial by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,149,373 shares of the financial services provider's stock valued at $36,367,000 after buying an additional 35,954 shares during the period. Heartland Advisors Inc. raised its holdings in Tiptree Financial by 4.1% during the 4th quarter. Heartland Advisors Inc. now owns 400,000 shares of the financial services provider's stock valued at $7,308,000 after buying an additional 15,845 shares during the period. Gabelli Funds LLC lifted its position in Tiptree Financial by 329.4% in the first quarter. Gabelli Funds LLC now owns 314,668 shares of the financial services provider's stock worth $5,324,000 after buying an additional 241,389 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Tiptree Financial by 175.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 273,061 shares of the financial services provider's stock worth $4,620,000 after buying an additional 173,774 shares during the last quarter. 37.78% of the stock is currently owned by hedge funds and other institutional investors.
About Tiptree Financial
(
Get Free Report)
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.
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