Tiptree (NASDAQ:TIPT) Releases Quarterly Earnings Results

Tiptree (NASDAQ:TIPT) released its quarterly earnings data on Wednesday. The financial services provider reported $0.44 EPS for the quarter, Zacks reports. The firm had revenue of $498.22 million for the quarter. Tiptree had a return on equity of 12.49% and a net margin of 1.36%.

Tiptree Trading Up 1.1 %

Tiptree stock traded up $0.18 during trading hours on Friday, hitting $16.65. 81,714 shares of the stock traded hands, compared to its average volume of 84,132. The firm’s 50-day moving average price is $16.73 and its two-hundred day moving average price is $17.56. The company has a market cap of $612.05 million, a PE ratio of 29.21 and a beta of 1.23. Tiptree has a one year low of $12.12 and a one year high of $20.80.

Tiptree Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 20th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, May 17th. This represents a $0.24 annualized dividend and a yield of 1.44%. Tiptree’s payout ratio is 42.11%.

Insider Buying and Selling at Tiptree

In related news, CEO Jonathan Ilany purchased 2,900 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average cost of $16.95 per share, with a total value of $49,155.00. Following the transaction, the chief executive officer now directly owns 190,471 shares in the company, valued at approximately $3,228,483.45. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 31.78% of the company’s stock.

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.