Tiptree Financial Inc. (TIPT) Releases Earnings Results

Tiptree Financial Inc. (NASDAQ:TIPT) released its quarterly earnings data on Monday, August 7th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The firm had revenue of $157.87 million for the quarter. Tiptree Financial had a net margin of 1.64% and a return on equity of 2.64%.

Shares of Tiptree Financial (TIPT) opened at 6.20 on Friday. Tiptree Financial has a 52-week low of $5.19 and a 52-week high of $7.60. The company has a market capitalization of $180.03 million, a PE ratio of 18.08 and a beta of -0.42. The stock’s 50 day moving average price is $6.78 and its 200-day moving average price is $6.72.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 21st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, August 17th. Tiptree Financial’s dividend payout ratio is presently 37.50%.

In other Tiptree Financial news, CEO Jonathan Ilany purchased 17,550 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were acquired at an average price of $6.95 per share, for a total transaction of $121,972.50. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 28.99% of the company’s stock.

An institutional investor recently raised its position in Tiptree Financial stock. State Street Corp raised its stake in Tiptree Financial Inc. (NASDAQ:TIPT) by 5.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 397,363 shares of the financial services provider’s stock after buying an additional 21,556 shares during the period. State Street Corp owned 1.37% of Tiptree Financial worth $2,801,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

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Separately, BidaskClub cut Tiptree Financial from a “hold” rating to a “sell” rating in a research report on Wednesday.

Tiptree Financial Company Profile

Tiptree Inc, formerly Tiptree Financial Inc, is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations through Tiptree Operating Company, LLC (the Operating Company). It operates through four segments: specialty insurance, asset management, senior living and specialty finance.

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