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
Current SymbolNASDAQ:TIPT
Previous Symbol
CUSIPN/A
Phone212-446-1410
Debt
Debt-to-Equity Ratio0.92
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 / Sales0.34
Cash Flow$0.6032 per share
Price / Cash9.25
Book Value$9.22 per share
Price / Book0.61
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$4.48 million
Net Margins5.41%
Return on Equity-3.93%
Return on Assets-0.87%
Miscellaneous
Employees1,011
Outstanding Shares35,940,000
Market Cap$204.48 million
OptionableNot Optionable
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, November 5th. Stockholders of record on Monday, November 19th will be paid a dividend of $0.035 per share on Monday, November 26th. This represents a $0.14 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, November 16th. View Tiptree's Dividend History.
How will Tiptree's stock buyback program work?
Tiptree announced that its board has approved a share repurchase plan 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.
How were Tiptree's earnings last quarter?
Tiptree Inc (NASDAQ:TIPT) issued its earnings results on Monday, November, 5th. The financial services provider reported ($0.02) earnings per share for the quarter. The financial services provider earned $172.67 million during the quarter. Tiptree had a net margin of 5.41% and a negative return on equity of 3.93%. View Tiptree's Earnings History.
When is Tiptree's next earnings date?
Has Tiptree been receiving favorable news coverage?
Media headlines about TIPT stock have been trending very positive on Monday, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tiptree earned a news impact score of 3.1 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.
Who are some of Tiptree's key competitors?
Some companies that are related to Tiptree include BlackRock TCP Capital (TCPC), EMC Insurance Group (EMCI), HCI Group (HCI), Global Indemnity (GBLI), Heritage Insurance (HRTG), Donegal Group (DGICA), Greenlight Capital Re (GLRE), Donegal Group (DGICB), NI (NODK), Protective Insurance (PTVCB), Protective Insurance (PTVCA), Federated National (FNHC), Maiden (MHLD), Kingstone Companies (KINS) and Atlas Financial (AFH).
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)
Who are Tiptree's major shareholders?
Tiptree's stock is owned by a number of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (7.32%), TCW Group Inc. (4.25%), BlackRock Inc. (3.99%), Wexford Capital LP (2.62%), Renaissance Technologies LLC (0.35%) and Martingale Asset Management L P (0.22%). 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 purchased by a variety of institutional investors in the last quarter, including TCW Group Inc., BlackRock Inc., Dimensional Fund Advisors LP, Renaissance Technologies LLC, Martingale Asset Management L P, Trexquant Investment LP, JPMorgan Chase & Co. and JPMorgan Chase & Co.. 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 $5.64.
How big of a company is Tiptree?
Tiptree has a market capitalization of $204.48 million and generates $581.80 million in revenue each year. Tiptree employs 1,011 workers across the globe.
What is Tiptree's official website?
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.
