Tiptree Inc., through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. It operates through three segments: Specialty Insurance, Asset Management, and Mortgage. The company provides credit protection insurance, warranty and service contract products, and insurance programs that underwrite niche personal and commercial lines of insurance, as well as offers value-add services, including premium finance and business processing services. It also engages in asset management operations; the provision of mortgage loans for institutional investors; and other investment activities. Tiptree Inc. markets its products through a network of independent insurance brokers and managing general agencies. The company was formerly known as Tiptree Financial Inc. and changed its name to Tiptree Inc. in December 2016. Tiptree Inc. was incorporated in 2007 and is based in New York, New York.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Fire, marine, & casualty insurance
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:TIPT
CUSIPN/A
Phone212-446-1410
Debt
Debt-to-Equity Ratio0.91
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$581.80 million
Price / Sales0.43
Cash Flow$0.6197 per share
Price / Cash10.65
Book Value$9.22 per share
Price / Book0.72
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$4.48 million
Net Margins5.08%
Return on Equity-4.57%
Return on Assets-0.93%
Miscellaneous
Employees1,011
Outstanding Shares37,860,000
Market Cap$248 million
Tiptree (NASDAQ:TIPT) Frequently Asked Questions
What is Tiptree's stock symbol?
Tiptree trades on the NASDAQ under the ticker symbol "TIPT."
How often does Tiptree pay dividends? What is the dividend yield for Tiptree?
Tiptree declared a quarterly dividend on Monday, August 6th. Stockholders of record on Monday, August 20th will be given a dividend of $0.035 per share on Monday, August 27th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, August 17th. This is a boost from Tiptree's previous quarterly dividend of $0.03. View Tiptree's Dividend History.
How will Tiptree's stock buyback program work?
Tiptree declared that its board has approved a share repurchase program on Tuesday, March 20th 2018, which authorizes the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.
How were Tiptree's earnings last quarter?
Tiptree Inc (NASDAQ:TIPT) issued its quarterly earnings data on Monday, August, 6th. The financial services provider reported $0.02 earnings per share for the quarter. The financial services provider had revenue of $152.71 million for the quarter. Tiptree had a net margin of 5.08% and a negative return on equity of 4.57%. View Tiptree's Earnings History.
When is Tiptree's next earnings date?
Who are some of Tiptree's key competitors?
Some companies that are related to Tiptree include United Insurance (UIHC), BlackRock TCP Capital (TCPC), EMC Insurance Group (EMCI), Global Indemnity (GBLI), Greenlight Capital Re (GLRE), Heritage Insurance (HRTG), Donegal Group (DGICA), Donegal Group Inc. Class B (DGICB), HCI Group (HCI), NI (NODK), Baldwin & Lyons Inc Class A (BWINA), Baldwin & Lyons Inc Class B (BWINB), Protective Insurance Corp Class B (PTVCB), Federated National (FNHC) and Maiden (MHLD).
Who are Tiptree's key executives?
Tiptree's management team includes the folowing people:
- Mr. Michael Gene Barnes, Exec. Chairman (Age 51)
- Mr. Jonathan Ilany, CEO & Director (Age 65)
- Ms. Sandra E. Bell, Chief Financial Officer (Age 60)
- Mr. Neil Charles Rifkind Esq., J.D., VP, Gen. Counsel & Sec. (Age 52)
- Ms. Julia Helene Wyatt, Chief Operating Officer (Age 60)
Has Tiptree been receiving favorable news coverage?
News coverage about TIPT stock has trended somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tiptree earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave news headlines about the financial services provider an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for Tiptree.
Who are Tiptree's major shareholders?
Tiptree's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Tricadia Capital Management LLC (27.10%), Dimensional Fund Advisors LP (6.68%), Bank of America Corp DE (5.39%), BlackRock Inc. (3.67%), Nomura Holdings Inc. (2.91%) and TCW Group Inc. (2.82%). Company insiders that own Tiptree stock include Arif Inayatullah, Jonathan Ilany, Michael Gene Barnes and Sandra Bell. View Institutional Ownership Trends for Tiptree.
Which institutional investors are selling Tiptree stock?
Which institutional investors are buying Tiptree stock?
TIPT stock was bought by a variety of institutional investors in the last quarter, including Tricadia Capital Management LLC, BlackRock Inc., TCW Group Inc., Dimensional Fund Advisors LP, Martingale Asset Management L P, Renaissance Technologies LLC, Prospera Financial Services Inc and Northern Trust Corp. Company insiders that have bought Tiptree stock in the last two years include Arif Inayatullah, Jonathan Ilany and Michael Gene Barnes. View Insider Buying and Selling for Tiptree.
How do I buy shares of Tiptree?
Shares of TIPT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Tiptree's stock price today?
One share of TIPT stock can currently be purchased for approximately $6.60.
How big of a company is Tiptree?
Tiptree has a market capitalization of $248 million and generates $581.80 million in revenue each year. Tiptree employs 1,011 workers across the globe.
How can I contact Tiptree?
Tiptree's mailing address is 780 THIRD AVENUE 21ST FLOOR, NEW YORK NY, 10017. The financial services provider can be reached via phone at 212-446-1410 or via email at [email protected]
MarketBeat Community Rating for Tiptree (NASDAQ TIPT)
MarketBeat's community ratings are surveys of what our community members think about Tiptree and other stocks. Vote "Outperform" if you believe TIPT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TIPT will underperform the S&P 500 over the long term. You may vote once every thirty days.
