STOCK TITAN

Tiptree Inc - TIPT STOCK NEWS

Welcome to our dedicated news page for Tiptree (Ticker: TIPT), a resource for investors and traders seeking the latest updates and insights on Tiptree.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tiptree's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tiptree's position in the market.

Rhea-AI Summary
Fortegra Group, Inc. has announced the withdrawal of its initial public offering due to prevailing market conditions and the high value Tiptree Inc. and Warburg Pincus LLC place on Fortegra and its growth prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.64%
Tags
IPO offering
-
Rhea-AI Summary
Fortegra Group, Inc. has announced the launch of its initial public offering, filing a registration statement on Form S-1 with the SEC to offer 18,000,000 shares of common stock to the public. The price range for the IPO is expected to be between $15.00 and $18.00 per share. The Company intends to use the net proceeds for its growth strategy and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
Tags
IPO offering
-
Rhea-AI Summary
Fortegra Group, Inc. appoints Eric Halter as Senior Vice President, Business Development, and Bianca Hoshina as Chief Reinsurance Buyer. The hirings enhance the capabilities of Fortegra's Specialty Team and reaffirm the Company's commitment to the program space. Mr. Halter brings over 35 years of experience in the insurance and financial sectors, while Ms. Hoshina brings over two decades of expertise from the reinsurance sector. Both will report to Mark Rattner, Fortegra's Chief Underwriting Officer, Insurance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
management
Rhea-AI Summary
Tiptree Inc. (TIPT) announced the income tax treatment of its 2023 common stock distribution payments. Total 2023 distributions to common stockholders were $0.20 per share and are considered return of capital. Stockholders are encouraged to consult with their personal tax advisors for specific tax treatment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
none
-
Rhea-AI Summary
AM Best affirms A- (Excellent) FSR and 'a-' Long-Term ICRs of Fortegra Group, Inc. (TIPT). Positive balance sheet strength, solid liquidity, and strong capitalization. Stable outlook for both P/C and life/health operating subsidiaries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
none
-
Rhea-AI Summary
TIPT: Tiptree Inc. announces that its subsidiary, The Fortegra Group, Inc., has filed for a proposed IPO under the symbol 'TFG' on the New York Stock Exchange. The net proceeds will be used for growth strategy and working capital. Goldman Sachs, J.P. Morgan, and Jefferies are the joint lead bookrunning managers for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
Tags
IPO offering
Rhea-AI Summary
Corvid Peak Capital Management, a subsidiary of Tiptree Inc., has completed the acquisition of the Coherence Capital Management team. The Coherence team, led by founder Sal Naro, manages a liquid long/short credit hedge fund strategy. The acquisition will enhance the investment breadth of the Corvid Peak platform and bring additional resources to the Coherence strategy. The Coherence investment team will maintain their investment process and strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
acquisition
-
Rhea-AI Summary
Tiptree Inc. announced its financial results for Q3 2023 and plans to take its specialty insurance subsidiary, Fortegra, public. Revenues for the quarter were $416.5 million, up 14.6% from Q3'22. Net income was $2.2 million, compared to $14.2 million in Q3'22. Adjusted net income was $24.0 million, up 23.9% from Q3'22. The Fortegra Group saw gross written premiums and premium equivalents increase by 9.6% for the quarter. Tiptree Capital reported a loss before taxes of $6.1 million for the quarter. Corporate expenses were $8.4 million for the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.26%
Tags
earnings
-
Rhea-AI Summary
Tiptree Inc. will hold a conference call and webcast on November 2, 2023, to discuss Q3 2023 results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
Tags
earnings
Rhea-AI Summary
Fortegra to participate in fireside chat at insurance conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.62%
Tags
conferences
Tiptree Inc

Nasdaq:TIPT

TIPT Rankings

TIPT Stock Data

616.29M
21.48M
38.07%
38.49%
0.26%
Other Financial Vehicles
Finance and Insurance
Link
United States
Greenwich

About TIPT

telos asset management llc ("telos"), formerly tricadia loan management llc, is a global credit manager.