Tiptree (NASDAQ:TIPT - Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $0.67 EPS for the quarter, Zacks reports. Tiptree had a net margin of 2.05% and a return on equity of 11.50%. The business had revenue of $503.60 million during the quarter.
Tiptree Stock Down 1.6 %
TIPT traded down $0.36 during trading hours on Friday, hitting $22.63. 313,992 shares of the company's stock were exchanged, compared to its average volume of 98,961. Tiptree has a 1-year low of $15.52 and a 1-year high of $24.09. The stock's 50-day moving average is $20.30 and its two-hundred day moving average is $20.35. The stock has a market cap of $838.58 million, a price-to-earnings ratio of 23.33 and a beta of 1.30.
Tiptree Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Monday, March 10th. Tiptree's payout ratio is 24.74%.
Tiptree Company Profile
(
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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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