Tiptree (NASDAQ:TIPT – Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Parties that are interested in participating in the company’s conference call can do so using this link.
Tiptree (NASDAQ:TIPT – Get Free Report) last posted its earnings results on Wednesday, February 28th. The financial services provider reported $0.20 EPS for the quarter. Tiptree had a net margin of 0.85% and a return on equity of 11.10%. The company had revenue of $446.37 million during the quarter.
Tiptree Stock Down 0.8 %
NASDAQ:TIPT opened at $16.27 on Wednesday. Tiptree has a 52 week low of $12.12 and a 52 week high of $20.80. The firm has a 50 day moving average of $16.84 and a 200 day 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 Increases Dividend
Analyst Upgrades and Downgrades
Separately, TheStreet cut shares of Tiptree from a “b-” rating to a “c+” rating in a report on Friday, December 29th.
Get Our Latest Research Report on TIPT
Insiders Place Their Bets
In related news, CEO Jonathan Ilany purchased 2,900 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of $16.95 per share, with a total value of $49,155.00. Following the completion of the acquisition, the chief executive officer now owns 190,471 shares in the company, valued at approximately $3,228,483.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 31.78% of the company’s stock.
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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