Tiptree (NASDAQ:TIPT) Lifted to Strong-Buy at StockNews.com

Tiptree (NASDAQ:TIPT - Get Free Report) was upgraded by stock analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Tuesday.Tiptree Price PerformanceShares of NASDAQ TIPT traded up $0.18 during midday trading on Tuesday, hitting $18.47. 40,911 shares of the company's stock were exchanged, compared to its average volume of 100,330. The stock's 50 day moving average price is $17.37 and its 200-day moving average price is $17.15. The firm has a market cap of $679.42 million, a P/E ratio of 32.40 and a beta of 1.30. Tiptree has a twelve month low of $14.74 and a twelve month high of $20.80. Insiders Place Their BetsIn related news, CEO Jonathan Ilany acquired 1,550 shares of the business's stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average price of $17.50 per share, with a total value of $27,125.00. Following the completion of the transaction, the chief executive officer now owns 192,021 shares of the company's stock, valued at $3,360,367.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 31.78% of the company's stock. Institutional Trading of TiptreeHedge funds have recently modified their holdings of the stock. Federated Hermes Inc. boosted its stake in Tiptree by 12.4% in the fourth quarter. Federated Hermes Inc. now owns 62,396 shares of the financial services provider's stock valued at $1,183,000 after acquiring an additional 6,898 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in Tiptree in the fourth quarter valued at $367,000. NFC Investments LLC bought a new position in Tiptree in the fourth quarter valued at $416,000. Cove Street Capital LLC grew its position in Tiptree by 11.6% in the fourth quarter. Cove Street Capital LLC now owns 395,635 shares of the financial services provider's stock valued at $7,501,000 after purchasing an additional 41,277 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Tiptree by 272.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,126 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 1,555 shares in the last quarter. 37.78% of the stock is owned by institutional investors. About Tiptree (Get Free Report)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.Read MoreFive stocks we like better than TiptreeWhy Invest in 5G? How to Invest in 5G Stocks Buy On Holdings Stock Before the Market Catches Its Second Wind?What Are Dividend Challengers?3 High-Potential Stocks That Could Turn Into Multi-BaggersREIT Stocks - Best REIT Stocks to Add to Your Portfolio TodayCEO Swap: Starbucks Surges 22% on Hiring New CEO From ChipotleThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ “Hidden” Computer Code = Monthly Crypto Income? (From Centurion Publishing) (Ad)Should you invest $1,000 in Tiptree right now?Before you consider Tiptree, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tiptree wasn't on the list.While Tiptree currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here