StockNews.com Lowers Tiptree (NASDAQ:TIPT) to Buy

Tiptree (NASDAQ:TIPT) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.

Tiptree Stock Up 3.5 %

TIPT stock opened at $18.73 on Wednesday. The stock has a 50-day simple moving average of $17.07 and a two-hundred day simple moving average of $17.28. Tiptree has a twelve month low of $14.30 and a twelve month high of $20.80. The firm has a market capitalization of $688.89 million, a PE ratio of 32.86 and a beta of 1.30.

Tiptree (NASDAQ:TIPT) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.44 EPS for the quarter. The company had revenue of $498.22 million during the quarter. Tiptree had a net margin of 1.36% and a return on equity of 12.49%.

Insider Activity

In other Tiptree news, CEO Jonathan Ilany bought 1,550 shares of Tiptree stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average price of $17.50 per share, with a total value of $27,125.00. Following the acquisition, the chief executive officer now owns 192,021 shares in the company, valued at $3,360,367.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 31.78% of the company’s stock.

Hedge Funds Weigh In On Tiptree

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in shares of Tiptree by 272.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,126 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 1,555 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Tiptree by 25.6% in the first quarter. BNP Paribas Financial Markets now owns 12,652 shares of the financial services provider’s stock worth $219,000 after purchasing an additional 2,576 shares during the last quarter. SG Americas Securities LLC increased its holdings in Tiptree by 34.5% during the 4th quarter. SG Americas Securities LLC now owns 11,829 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 3,035 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Tiptree during the 1st quarter valued at approximately $245,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Tiptree by 10.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 16,252 shares of the financial services provider’s stock worth $281,000 after buying an additional 1,473 shares during the period. 37.78% of the stock is owned by hedge funds and other institutional investors.

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.