Tiptree (NASDAQ:TIPT – Get Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.
Tiptree Trading Up 0.1 %
Shares of NASDAQ TIPT opened at $19.96 on Tuesday. The firm has a fifty day simple moving average of $18.76 and a two-hundred day simple moving average of $17.45. Tiptree has a 12 month low of $14.74 and a 12 month high of $20.80. The firm has a market capitalization of $734.23 million, a PE ratio of 35.02 and a beta of 1.31.
Tiptree (NASDAQ:TIPT – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.53 earnings per share (EPS) for the quarter. Tiptree had a net margin of 1.62% and a return on equity of 11.97%. The company had revenue of $546.67 million for the quarter.
Institutional Investors Weigh In On Tiptree
Tiptree 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.
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