Tiptree Financial Inc. (TIPT) Releases Earnings Results
Tiptree Financial Inc. (NASDAQ:TIPT) released its quarterly earnings data on Tuesday. The financial services provider reported ($0.09) EPS for the quarter, Bloomberg Earnings reports. Tiptree Financial had a net margin of 3.46% and a return on equity of 5.40%.
Shares of Tiptree Financial (NASDAQ TIPT) opened at 6.60 on Tuesday. The company has a market capitalization of $198.11 million, a price-to-earnings ratio of 10.38 and a beta of -0.42. Tiptree Financial has a 12 month low of $5.03 and a 12 month high of $7.60. The firm’s 50-day moving average is $6.96 and its 200 day moving average is $6.73.
Separately, BidaskClub lowered shares of Tiptree Financial from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th.
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In other Tiptree Financial news, CEO Jonathan Ilany purchased 17,550 shares of the company’s stock in a transaction on Monday, June 12th. The stock was acquired at an average cost of $6.95 per share, for a total transaction of $121,972.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 28.99% of the company’s stock.
About Tiptree Financial
Tiptree Inc, formerly Tiptree Financial Inc, is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations through Tiptree Operating Company, LLC (the Operating Company). It operates through four segments: specialty insurance, asset management, senior living and specialty finance.
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