Tiptree Financial (NASDAQ:TIPT) Stock Price Up 5.2% – What’s Next?

Tiptree Financial Inc. (NASDAQ:TIPT)’s share price rose 5.2% during mid-day trading on Friday . The stock traded as high as $25.67 and last traded at $25.95. Approximately 55,209 shares traded hands during trading, a decline of 63% from the average daily volume of 150,803 shares. The stock had previously closed at $24.67.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Tiptree Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd.

Tiptree Financial Stock Performance

The firm has a market capitalization of $955.88 million, a P/E ratio of 20.23 and a beta of 1.23. The business’s fifty day moving average price is $22.19 and its two-hundred day moving average price is $22.45.

Tiptree Financial (NASDAQ:TIPT) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.52 earnings per share for the quarter. The business 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 18th. Tiptree Financial’s dividend payout ratio (DPR) is presently 19.05%.

Hedge Funds Weigh In On Tiptree Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SkyView Investment Advisors LLC raised its position in shares of Tiptree Financial by 1.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 27,280 shares of the financial services provider’s stock valued at $669,000 after purchasing an additional 508 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of 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 valued at $404,000 after purchasing an additional 543 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Tiptree Financial by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,431 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 608 shares during the last quarter. CWM LLC raised 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 valued at $37,000 after purchasing an additional 713 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Tiptree Financial by 8.3% in 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 during the last quarter. 37.78% of the stock is owned by hedge funds and other 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.