Somewhat Positive Media Coverage Somewhat Unlikely to Affect Tiptree Financial (TIPT) Stock Price
Media headlines about Tiptree Financial (NASDAQ:TIPT) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tiptree Financial earned a news impact score of 0.07 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.7917725132089 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Tiptree Financial (NASDAQ TIPT) traded up $0.10 during trading on Thursday, reaching $6.30. The company’s stock had a trading volume of 20,100 shares, compared to its average volume of 24,944. The stock has a market cap of $234.70, a PE ratio of 310.00 and a beta of -0.41. Tiptree Financial has a 1-year low of $5.70 and a 1-year high of $7.60.
The business also recently declared a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 20th were paid a $0.03 dividend. The ex-dividend date was Friday, November 17th. This represents a $0.12 dividend on an annualized basis and a yield of 1.90%. Tiptree Financial’s dividend payout ratio (DPR) is currently 600.00%.
TIPT has been the topic of a number of analyst reports. BidaskClub cut Tiptree Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. TheStreet cut Tiptree Financial from a “c” rating to a “d+” rating in a research note on Friday, August 18th.
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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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