Tiptree (NASDAQ:TIPT) Releases Quarterly Earnings Results

Tiptree (NASDAQ:TIPT) released its quarterly earnings results on Wednesday. The financial services provider reported $0.67 EPS for the quarter, Zacks reports. The business had revenue of $503.60 million during the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.50%.

Tiptree Stock Performance

Shares of NASDAQ:TIPT traded down $0.43 during midday trading on Friday, reaching $22.56. The company had a trading volume of 144,783 shares, compared to its average volume of 94,332. The company has a fifty day simple moving average of $20.25 and a two-hundred day simple moving average of $20.29. The firm has a market cap of $835.98 million, a price-to-earnings ratio of 23.20 and a beta of 1.30. Tiptree has a 1-year low of $15.52 and a 1-year high of $24.09.

Tiptree Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, March 10th. Tiptree’s dividend payout ratio is 24.74%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Tiptree from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st.

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.