Tiptree Financial (NASDAQ:TIPT) Hits New 12-Month Low – Time to Sell?

Tiptree Financial Inc. (NASDAQ:TIPT) hit a new 52-week low during trading on Friday . The stock traded as low as $17.76 and last traded at $17.72, with a volume of 95170 shares traded. The stock had previously closed at $18.47.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TIPT. Weiss Ratings restated a “buy (b)” rating on shares of Tiptree Financial in a research report on Wednesday. Wall Street Zen upgraded shares of Tiptree Financial from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Tiptree Financial presently has an average rating of “Buy”.

Tiptree Financial Stock Performance

The firm’s 50-day moving average is $21.93 and its 200 day moving average is $22.11. The firm has a market capitalization of $662.63 million, a PE ratio of 14.02 and a beta of 1.14.

Tiptree Financial (NASDAQ:TIPT) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.52 EPS for the quarter. Tiptree Financial had a net margin of 2.77% and a return on equity of 13.90%. The business had revenue of $528.75 million for the quarter.

Tiptree Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.24 annualized dividend and a yield of 1.4%. Tiptree Financial’s payout ratio is presently 19.05%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. acquired a new position in Tiptree Financial in the 1st quarter valued at about $587,000. Cubist Systematic Strategies LLC acquired a new position in shares of Tiptree Financial during the 1st quarter valued at about $641,000. Kingsview Wealth Management LLC acquired a new position in shares of Tiptree Financial during the 1st quarter valued at about $287,000. Vanguard Group Inc. increased its stake in shares of Tiptree Financial by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 1,291,675 shares of the financial services provider’s stock valued at $31,116,000 after acquiring an additional 28,373 shares during the last quarter. Finally, Breach Inlet Capital Management LLC increased its stake in shares of Tiptree Financial by 10.9% during the 1st quarter. Breach Inlet Capital Management LLC now owns 788,909 shares of the financial services provider’s stock valued at $19,005,000 after acquiring an additional 77,373 shares during the last quarter. Institutional investors and hedge funds own 37.78% of the company’s stock.

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.