Tiptree Inc. (NASDAQ:TIPT) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
Previous Quarter Performance
Tiptree Inc. disclosed income for the second quarter of $ 0.10 per share, from the revenue of $ 199.19 million.
Stock Performance
Shares of Tiptree Inc. traded up $ 0.07 or 1.40 percent on Tuesday, reaching $ 5.07 with volume of 34.70 thousand shares. Tiptree Inc. has traded high as $ 5.09 and has cracked $ 4.96 on the downward trend
According to the previous trading day, closing price of $ 5.07, representing a 12.36 % increase from the 52 week low of $ 4.45 and a 39.76 % decrease over the 52 week high of $ 8.30.
The company has a market capital of $ 170.85 million and is part of the Financial Services sector and Insurance – Specialty industry.
Recent Stock Dividend Announcement
On August 5, 2020, the board of directors authorized quarterly dividend of $ 0.04 per share to holders of record as of the close of business on August 24, 2020, with payment date of August 31, 2020 and ex-dividend date on August 21, 2020.
Tiptree Inc., through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The company provides credit protection insurance, warranty and service contract products, and niche commercial and consumer insurance programs, as well as offers value-add services, including premium finance and business processing services. It also engages in asset management operations; the provision of mortgage loans for institutional investors; and other investment activities.
