Tiptree Financial (NASDAQ:TIPT) Hits New 52-Week Low - Should You Sell?

Key Points

• Tiptree Financial Inc. (NASDAQ:TIPT) has seen its stock price hit a new 52-week low at $17.85, down from a previous close of $18.76.
• Despite the decline, Wall Street Zen upgraded the stock from a "hold" to a "buy" rating on August 2nd.
• Tiptree recently reported a net margin of 2.77% and a revenue of $528.75 million for the last quarter, alongside a quarterly dividend yield of 1.3%.

Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $17.85 and last traded at $17.93, with a volume of 253157 shares changing hands. The stock had previously closed at $18.76.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Tiptree Financial from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd.

Tiptree Financial Trading Down 4.4%

The firm's fifty day moving average price is $22.28 and its 200 day moving average price is $22.35. The firm has a market capitalization of $672.38 million, a PE ratio of 14.23 and a beta of 1.15.

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

Tiptree Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were issued a $0.06 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. Tiptree Financial's dividend payout ratio is currently 19.05%.

Institutional Investors Weigh In On Tiptree Financial

Large investors have recently bought and sold shares of the business. AlphaQuest LLC bought a new stake in Tiptree Financial in the second quarter worth $35,000. CWM LLC lifted its position in Tiptree Financial by 86.7% during the 1st quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock worth $37,000 after acquiring an additional 713 shares during the last quarter. GAMMA Investing LLC lifted its position in Tiptree Financial by 10,791.3% during the 1st quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider's stock worth $60,000 after acquiring an additional 2,482 shares during the last quarter. Quantbot Technologies LP acquired a new position in Tiptree Financial during the 1st quarter worth $89,000. Finally, Strs Ohio acquired a new position in Tiptree Financial during the 1st quarter worth $99,000. 37.78% of the stock is currently owned by institutional investors.

Tiptree Financial Company Profile

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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