Tiptree (TIPT) Set to Announce Earnings on Wednesday

Tiptree (NASDAQ:TIPT) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Parties interested in registering for the company’s conference call can do so using this link.

Tiptree (NASDAQ:TIPT) last posted its earnings results on Wednesday, February 28th. The financial services provider reported $0.20 EPS for the quarter. The company had revenue of $446.37 million for the quarter. Tiptree had a return on equity of 11.10% and a net margin of 0.85%.

Tiptree Trading Up 1.2 %

NASDAQ TIPT opened at $16.16 on Tuesday. The stock has a fifty day simple moving average of $16.79 and a 200-day simple moving average of $17.57. The stock has a market cap of $594.04 million, a PE ratio of 50.50 and a beta of 1.19. Tiptree has a twelve month low of $12.12 and a twelve month high of $20.80.

Tiptree Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 11th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Tiptree’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.49%. Tiptree’s dividend payout ratio (DPR) is currently 75.00%.

Insider Buying and Selling

In other Tiptree news, CEO Jonathan Ilany acquired 2,900 shares of the stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average price of $16.95 per share, with a total value of $49,155.00. Following the completion of the purchase, the chief executive officer now 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 hyperlink. 31.78% of the stock is currently owned by corporate 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.