Tiptree Financial (NASDAQ:TIPT) Hits New 1-Year Low - What's Next?

Key Points

• Tiptree Financial's stock (NASDAQ:TIPT) reached a new 52-week low of $17.76, with its last trading price at $17.72, down from a previous close of $18.47.
• Analyst ratings have shown a positive shift, with Weiss Ratings and Wall Street Zen upgrading Tiptree's stock to a "buy" rating, leading to an average rating of "buy" across analysts.
• The firm recently announced a quarterly dividend of $0.06 per share, resulting in an annualized yield of 1.4% and reflecting a low dividend payout ratio of 19.05%.

Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $17.76 and last traded at $17.72, with a volume of 95170 shares. The stock had previously closed at $18.47.

Analyst Ratings Changes

TIPT has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Tiptree Financial in a report on Wednesday. Wall Street Zen upgraded shares of Tiptree Financial from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy".

Tiptree Financial Trading Down 4.0%

The firm has a market cap of $664.88 million, a PE ratio of 14.07 and a beta of 1.14. The business's 50-day simple moving average is $21.98 and its 200 day simple moving average is $22.18.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $0.52 EPS for the quarter. The business had revenue of $528.75 million for the quarter. Tiptree Financial had a net margin of 2.77% and a return on equity of 13.90%.

Tiptree Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. Tiptree Financial's dividend payout ratio (DPR) is 19.05%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sanders Morris Harris LLC grew its position in shares of Tiptree Financial by 60.0% in the 3rd quarter. Sanders Morris Harris LLC now owns 48,000 shares of the financial services provider's stock worth $920,000 after buying an additional 18,000 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Tiptree Financial in the 2nd quarter worth approximately $582,000. SkyView Investment Advisors LLC grew its position in shares of Tiptree Financial by 1.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 27,280 shares of the financial services provider's stock worth $669,000 after buying an additional 508 shares during the last quarter. Man Group plc grew its position in shares of Tiptree Financial by 129.0% in the 2nd quarter. Man Group plc now owns 80,400 shares of the financial services provider's stock worth $1,896,000 after buying an additional 45,289 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Tiptree Financial by 40.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 76,695 shares of the financial services provider's stock worth $1,808,000 after buying an additional 22,115 shares during the last quarter. Hedge funds and other institutional investors own 37.78% of the company's stock.

About Tiptree Financial

Tiptree Inc, through its subsidiaries, provides specialty insurance products and related services primarily in the United States. It operates through two segments: Insurance and Mortgage. The company offers niche; commercial lines insurance products, including professional liability, general liability, contractual liability protection, property and other short-tail, and alternative risks insurance products; and personal lines insurance products, such as credit protection surrounding loan payments.

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