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

Key Points

• Tiptree Financial reached a new 52-week low of $17.47 during trading, indicating significant market volatility.
• Despite the low stock price, analysts maintain a consensus "Buy" rating, with recent upgrades from firms like Wall Street Zen and Weiss Ratings.
• The company reported a quarterly earnings per share of $0.52, with a dividend yield of 1.4% following a recent dividend declaration.

Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $17.47 and last traded at $17.70, with a volume of 34095 shares trading hands. The stock had previously closed at $17.93.

Analysts Set New Price Targets

Several brokerages have issued reports on TIPT. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Tiptree Financial in a research report on Wednesday, October 8th. Wall Street Zen upgraded Tiptree Financial from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Tiptree Financial currently has a consensus rating of "Buy".

Tiptree Financial Trading Down 1.2%

The company has a market cap of $664.13 million, a P/E ratio of 14.03 and a beta of 1.14. The firm's fifty day moving average price is $21.78 and its 200-day moving average price is $22.01.

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

Tiptree Financial Announces Dividend

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

Institutional Trading of Tiptree Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. AlphaQuest LLC acquired a new stake in shares of Tiptree Financial during the second quarter worth $35,000. CWM LLC boosted its stake in shares of Tiptree Financial by 86.7% in the first quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock valued at $37,000 after buying an additional 713 shares during the period. GAMMA Investing LLC raised its holdings in Tiptree Financial by 10,791.3% in the 1st quarter. GAMMA Investing LLC now owns 2,505 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 2,482 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Tiptree Financial during the 1st quarter valued at $89,000. Finally, Strs Ohio bought a new position in shares of Tiptree Financial in the first quarter worth $99,000. Institutional investors own 37.78% of the company's stock.

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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