Tiptree (NASDAQ:TIPT – Get Free Report) is set to release its earnings data after the market closes on Wednesday, May 1st. Investors interested in participating in the company’s conference call can do so using this link.
Tiptree (NASDAQ:TIPT – Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.20 earnings per share for the quarter. Tiptree had a net margin of 0.85% and a return on equity of 11.10%. The business had revenue of $446.37 million for the quarter.
Tiptree Stock Performance
Shares of TIPT stock opened at $16.16 on Tuesday. The firm has a market capitalization of $594.04 million, a price-to-earnings ratio of 50.50 and a beta of 1.19. Tiptree has a one year low of $12.12 and a one year high of $20.80. The company has a 50 day moving average price of $16.79 and a 200 day moving average price of $17.57.
Tiptree Increases Dividend
Insider Activity at Tiptree
In other news, CEO Jonathan Ilany purchased 2,900 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of $16.95 per share, for a total transaction of $49,155.00. Following the completion of the purchase, the chief executive officer now directly owns 190,471 shares of the company’s stock, valued at approximately $3,228,483.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 31.78% of the stock is owned by insiders.
About Tiptree
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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