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

Key Points

• Tiptree Financial shares fell below their 200-day moving average, trading as low as $17.27 versus the $17.57 average, and last changing hands at $17.36.
• Analyst sentiment remains neutral: Weiss Ratings downgraded the stock to “hold,” while Wall Street Zen upgraded it from “sell” to “hold.” The consensus rating is “Hold.”
• The company reported quarterly EPS of $10.30 and paid a $0.06 quarterly dividend, equivalent to an annualized $0.24 payout and a 1.4% yield; institutional investors own 37.78% of the stock.

Shares of Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $17.57 and traded as low as $17.27. Tiptree Financial shares last traded at $17.36, with a volume of 329,579 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TIPT shares. Weiss Ratings lowered shares of 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 equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Tiptree Financial Trading Up 0.6%

The business has a 50-day moving average price of $17.81 and a 200 day moving average price of $17.57. The stock has a market cap of $646.49 million, a PE ratio of 1.61 and a beta of 0.95.

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. The business had revenue of $3.92 million for the quarter.

Tiptree Financial Announces Dividend

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

Institutional Investors Weigh In On Tiptree Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Tiptree Financial during the second quarter valued at about $38,881,000. Heartland Advisors Inc. purchased a new stake in shares of Tiptree Financial in the second quarter worth about $7,168,000. Gabelli Funds LLC boosted its position in shares of Tiptree Financial by 329.4% in the first quarter. Gabelli Funds LLC now owns 314,668 shares of the financial services provider's stock valued at $5,324,000 after acquiring an additional 241,389 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of 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 valued at $4,620,000 after acquiring an additional 173,774 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of Tiptree Financial in the second quarter valued at approximately $2,297,000. 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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