Tiptree Financial (NASDAQ:TIPT) Stock Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Tiptree Financial shares fell below their 200-day moving average, trading as low as $17.26 versus the $17.51 average, and last changing hands at $17.35.
• Analyst sentiment remains neutral: the company has an overall “Hold” rating, with Weiss Ratings downgrading its assessment while Wall Street Zen upgraded its rating from “Sell” to “Hold.”
• Tiptree reported quarterly EPS of $10.30 and revenue of $3.92 million, while maintaining a quarterly dividend of $0.06 per share, equivalent to a 1.4% yield and a 2.22% payout ratio.

Shares of Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $17.51 and traded as low as $17.26. Tiptree Financial shares last traded at $17.35, with a volume of 211,265 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TIPT. Weiss Ratings cut Tiptree Financial from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 8th. Wall Street Zen raised Tiptree Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

Tiptree Financial Price Performance

The company has a market capitalization of $646.11 million, a price-to-earnings ratio of 1.60 and a beta of 0.95. The firm's 50-day simple moving average is $17.89 and its two-hundred day simple moving average is $17.51.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $10.30 earnings per share (EPS) for the quarter. The company had revenue of $3.92 million for the quarter.

Tiptree Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.24 annualized dividend and a yield of 1.4%. Tiptree Financial's payout ratio is currently 2.22%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Tiptree Financial in the 2nd quarter worth about $33,000. Persistent Asset Partners Ltd purchased a new position in Tiptree Financial during the 2nd quarter valued at about $49,000. State of Wyoming purchased a new position in Tiptree Financial during the 1st quarter valued at about $61,000. GSA Capital Partners LLP acquired a new position in Tiptree Financial during the second quarter worth about $200,000. Finally, Legal & General Group Plc acquired a new position in Tiptree Financial during the second quarter worth about $244,000. Hedge funds and other institutional investors own 37.78% of the company's stock.

About Tiptree Financial

Tiptree Inc is a diversified holding company that operates primarily through its insurance and specialty finance businesses. The company focuses on niche markets where specialized underwriting, distribution, servicing and financing capabilities can provide value to customers and business partners.

Through its Fortegra insurance platform, Tiptree offers specialty insurance products and related services, including credit insurance, extended warranties, service contracts and other protection products.

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