Tiptree (NASDAQ:TIPT – Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Parties that wish to register for the company’s conference call can do so using this link.
Tiptree (NASDAQ:TIPT – Get Free Report) last issued its earnings results on Wednesday, February 28th. The financial services provider reported $0.20 EPS for the quarter. The business had revenue of $446.37 million during the quarter. Tiptree had a net margin of 0.85% and a return on equity of 11.10%.
Tiptree Stock Down 0.8 %
Shares of NASDAQ TIPT opened at $16.27 on Wednesday. The firm has a 50-day simple moving average of $16.84 and a 200-day simple moving average of $17.56. The stock has a market capitalization of $598.10 million, a price-to-earnings ratio of 50.84 and a beta of 1.19. Tiptree has a 52 week low of $12.12 and a 52 week high of $20.80.
Tiptree Increases Dividend
Insider Buying and Selling at Tiptree
In related news, CEO Jonathan Ilany purchased 2,900 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of $16.95 per share, for a total transaction of $49,155.00. Following the completion of the transaction, the chief executive officer now directly owns 190,471 shares in the company, valued at $3,228,483.45. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 31.78% of the company’s stock.
Wall Street Analyst Weigh In
Separately, TheStreet cut shares of Tiptree from a “b-” rating to a “c+” rating in a research report on Friday, December 29th.
View Our Latest Stock Report on TIPT
About Tiptree
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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