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Tiptree Inc. - $TIPT STOCK NEWS

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

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
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.
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End-of-Day
-0.41%
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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.
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End-of-Day
-1.72%
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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.
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End-of-Day
12.26%
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Tiptree Inc. will hold a conference call and webcast on November 2, 2023, to discuss Q3 2023 results.
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-0.91%
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Fortegra to participate in fireside chat at insurance conference
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0.62%
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2.75%
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management
Rhea-AI Summary
TIPT - Corvid Peak Capital Management LLC, a subsidiary of Tiptree Inc., has reached an agreement in principle for the Coherence Capital Management team of Lazard Asset Management to join Corvid Peak. The Coherence team manages a liquid long/short credit hedge fund strategy with approximately $150 million of assets under management. Sal Naro, founder of Coherence, will join Corvid Peak and continue to manage the fund. This strategic move aims to grow and enhance Corvid Peak's investment platform across multiple strategies, adding the expertise of the Coherence team and expanding their asset base.
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-0.06%
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Rhea-AI Summary
Tiptree Inc. announces Q2 2023 financial results, with record revenues of $404.5 million, a net income of $6.0 million, and an adjusted net income of $23.8 million. Year-to-date revenues reached $786.1 million, with a net income of $4.9 million and an adjusted net income of $41.1 million. The company declared a dividend of $0.05 per share.
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7.56%
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2.19%
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1.4%
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Tiptree Inc.

Nasdaq:TIPT

TIPT Rankings

TIPT Stock Data

597.03M
21.50M
37.95%
38.47%
0.67%
Other Financial Vehicles
Finance and Insurance
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United States of America
GREENWICH

About TIPT

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