Tiptree Financial (NASDAQ:TIPT) Receives Buy (B) Rating from Weiss Ratings

Key Points

• Tiptree Financial's stock has been given a "Buy (B)" rating by Weiss Ratings, indicating a positive outlook from analysts.
• Wall Street Zen has also upgraded Tiptree’s rating from "hold" to "buy," reinforcing the growing confidence in the stock.
• The company's recent earnings report showed $0.52 earnings per share and a revenue of $528.75 million for the quarter, alongside a market capitalization of $688.13 million.

Tiptree Financial (NASDAQ:TIPT - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Tiptree Financial from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Tiptree Financial Stock Performance

Tiptree Financial stock opened at $18.35 on Wednesday. Tiptree Financial has a 52-week low of $17.80 and a 52-week high of $27.41. The firm has a 50 day moving average price of $22.03 and a two-hundred day moving average price of $22.21. The firm has a market cap of $688.13 million, a price-to-earnings ratio of 14.56 and a beta of 1.14.

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

Hedge Funds Weigh In On Tiptree Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. acquired a new stake in Tiptree Financial in the 1st quarter valued at $587,000. Cubist Systematic Strategies LLC acquired a new stake in Tiptree Financial in the 1st quarter valued at $641,000. Kingsview Wealth Management LLC acquired a new stake in Tiptree Financial in the 1st quarter valued at $287,000. Vanguard Group Inc. grew its position in Tiptree Financial by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 1,291,675 shares of the financial services provider's stock valued at $31,116,000 after purchasing an additional 28,373 shares during the period. Finally, Breach Inlet Capital Management LLC grew its position in Tiptree Financial by 10.9% in the 1st quarter. Breach Inlet Capital Management LLC now owns 788,909 shares of the financial services provider's stock valued at $19,005,000 after purchasing an additional 77,373 shares during the period. 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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