Tiptree (NASDAQ:TIPT – Get Free Report) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, Zacks reports. Tiptree had a return on equity of 11.50% and a net margin of 2.05%.
Tiptree Stock Performance
NASDAQ:TIPT traded up $0.23 during trading hours on Wednesday, hitting $21.90. 203,719 shares of the company’s stock traded hands, compared to its average volume of 85,108. The stock’s fifty day moving average price is $20.17 and its two-hundred day moving average price is $20.26. The firm has a market cap of $811.53 million, a P/E ratio of 22.58 and a beta of 1.30. Tiptree has a twelve month low of $15.52 and a twelve month high of $24.09.
Analysts Set New Price Targets
Separately, StockNews.com lowered Tiptree from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st.
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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