Tiptree Financial (NASDAQ:TIPT) Lowered to “Hold” Rating by Wall Street Zen

Tiptree Financial (NASDAQ:TIPT) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Tiptree Financial in a report on Friday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Tiptree Financial Price Performance

NASDAQ:TIPT opened at $17.71 on Friday. The company has a market capitalization of $664.13 million, a price-to-earnings ratio of 14.06 and a beta of 1.14. The business has a 50 day moving average of $20.62 and a 200 day moving average of $21.61. Tiptree Financial has a 1-year low of $17.07 and a 1-year high of $27.41.

Tiptree Financial (NASDAQ:TIPT) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $0.71 EPS for the quarter. Tiptree Financial had a net margin of 2.77% and a return on equity of 13.90%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SkyView Investment Advisors LLC lifted its stake in Tiptree Financial by 1.9% in the second quarter. SkyView Investment Advisors LLC now owns 27,280 shares of the financial services provider’s stock worth $669,000 after acquiring an additional 508 shares during the period. OneDigital Investment Advisors LLC raised its holdings in Tiptree Financial by 3.3% in the 1st quarter. OneDigital Investment Advisors LLC now owns 16,777 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 543 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Tiptree Financial by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,055 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 624 shares during the period. CWM LLC lifted its position in shares of Tiptree Financial by 86.7% in the 1st quarter. CWM LLC now owns 1,535 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 713 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Tiptree Financial by 8.3% during the 1st quarter. Royal Bank of Canada now owns 10,107 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 775 shares in the last quarter. Institutional investors own 37.78% of the company’s stock.

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.