Tiptree Financial (NASDAQ:TIPT) Reaches New 12-Month Low – What’s Next?

Tiptree Financial Inc. (NASDAQ:TIPT) shares reached a new 52-week low on Friday . The stock traded as low as $17.85 and last traded at $17.93, with a volume of 253157 shares traded. The stock had previously closed at $18.76.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Tiptree Financial from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Tiptree Financial in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Tiptree Financial has an average rating of “Buy”.

Tiptree Financial Stock Performance

The stock has a market capitalization of $681.75 million, a P/E ratio of 14.43 and a beta of 1.14. The company’s 50-day moving average price is $22.22 and its 200 day moving average price is $22.31.

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

Tiptree Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, August 18th. Tiptree Financial’s dividend payout ratio (DPR) is presently 19.05%.

Institutional Trading of Tiptree Financial

Several institutional investors and hedge funds have recently modified their holdings of TIPT. Nuveen LLC bought a new stake in shares of Tiptree Financial during the 1st quarter valued at $5,346,000. Jane Street Group LLC grew its stake in Tiptree Financial by 346.1% during the second quarter. Jane Street Group LLC now owns 166,425 shares of the financial services provider’s stock valued at $3,924,000 after acquiring an additional 129,122 shares in the last quarter. Breach Inlet Capital Management LLC grew its stake in Tiptree Financial by 10.9% during the first quarter. Breach Inlet Capital Management LLC now owns 788,909 shares of the financial services provider’s stock valued at $19,005,000 after acquiring an additional 77,373 shares in the last quarter. Norges Bank purchased a new position in Tiptree Financial during the second quarter valued at $1,766,000. Finally, Kennedy Capital Management LLC grew its stake in Tiptree Financial by 15.0% during the second quarter. Kennedy Capital Management LLC now owns 503,923 shares of the financial services provider’s stock valued at $11,883,000 after acquiring an additional 65,607 shares in the last quarter. 37.78% of the stock is currently owned by institutional investors.

Tiptree Financial Company Profile

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.