Tiptree Financial (NASDAQ:TIPT – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.
Separately, Weiss Ratings lowered Tiptree Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on TIPT
Tiptree Financial Stock Performance
Shares of NASDAQ:TIPT opened at $17.04 on Friday. Tiptree Financial has a 52-week low of $15.49 and a 52-week high of $19.33. The stock’s 50-day moving average is $17.43 and its 200-day moving average is $17.38. The company has a market cap of $634.57 million, a P/E ratio of 1.57 and a beta of 0.71.
Tiptree Financial (NASDAQ:TIPT – Get Free Report) last posted its earnings results on Wednesday, October 28th. The financial services provider reported $0.14 earnings per share for the quarter. The firm had revenue of $11.05 million for the quarter.
Institutional Trading of Tiptree Financial
Several institutional investors and hedge funds have recently made changes to their positions in TIPT. Quantbot Technologies LP purchased a new position in shares of Tiptree Financial during the second quarter valued at $33,000. Nisa Investment Advisors LLC lifted its holdings in shares of Tiptree Financial by 292.1% during the third quarter. Nisa Investment Advisors LLC now owns 2,235 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 1,665 shares in the last quarter. Persistent Asset Partners Ltd bought a new position in shares of Tiptree Financial during the second quarter valued at approximately $49,000. State of Wyoming purchased a new stake in Tiptree Financial during the first quarter worth $61,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Tiptree Financial during the second quarter worth $200,000. 37.78% of the stock is owned by hedge funds and other institutional investors.
About Tiptree Financial
Tiptree Inc (NASDAQ: TIPT) is a diversified holding company focused primarily on insurance and specialty finance. Through its insurance operations, the company provides specialty property and casualty insurance products, warranty and service contract programs, and related risk-management solutions.
Tiptree’s insurance business, operated primarily through Fortegra, serves consumers, businesses, retailers, manufacturers, and other distribution partners. Its offerings include specialty insurance, credit-related protection, motor vehicle products, travel protection, and extended service contracts.
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