Tiptree Financial (NASDAQ:TIPT) Stock Rating Lowered by Wall Street Zen

Tiptree Financial (NASDAQ:TIPT) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Tiptree Financial in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Tiptree Financial currently has a consensus rating of “Buy”.

Tiptree Financial Stock Up 0.7%

Shares of NASDAQ:TIPT opened at $17.71 on Friday. Tiptree Financial has a 52-week low of $17.07 and a 52-week high of $27.41. The stock has a market cap of $664.13 million, a P/E ratio of 16.10 and a beta of 1.14. The business’s 50 day moving average is $20.62 and its 200 day moving average is $21.60.

Tiptree Financial (NASDAQ:TIPT) last issued its earnings results on Friday, October 31st. The financial services provider reported $0.71 earnings per share for the quarter. Tiptree Financial had a return on equity of 14.57% and a net margin of 2.44%.The business had revenue of $540.30 million during the quarter.

Institutional Trading of Tiptree Financial

A number of institutional investors have recently modified their holdings of the company. AlphaQuest LLC purchased a new stake in Tiptree Financial during the second quarter valued at approximately $35,000. CWM LLC increased its position in shares of Tiptree Financial by 86.7% during the first quarter. CWM LLC now owns 1,535 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 713 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Tiptree Financial during the 3rd quarter worth $35,000. Quantbot Technologies LP purchased a new position in Tiptree Financial during the 1st quarter worth $89,000. Finally, Strs Ohio purchased a new position in Tiptree Financial during the 1st quarter worth $99,000. 37.78% of the stock is currently owned by institutional investors.

About Tiptree Financial

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.