Tiptree Rallies At 52-Week High

Most financial companies are rising from the lows found last fall, but only a few companies are making new highs.

Tiptree Inc. (NYSE: NOTE) one of them is better than others in the sector and other sectors of the whole market. The company has risen from $10 at the end of September to this week’s high of $15.50.

More than 50% revenue in four months – a unique level achieved in any sector.

Greenwich, Connecticut-based Tiptree is on the smaller side of the segment with a market capitalization of more than $540 million. In contrast, the largest mortgage REIT traded on the New York Stock Exchange, Annaly Capital Management Inc. (NYSE: NLY), has a market capitalization of $10.54 billion.

up his website, Tiptree calls itself “a leading author and manager of premium insurance programs and product warranty offerings.” The security is relatively cheaply traded with an average daily volume of 70,960 shares.

Tiptree’s operating income rose 203% over the past 12 months and 3.6% over the past five years. The company trades at 1.44 times its book value and pays a dividend of 1.04%.

The current price chart is here:

TIPT daily chart

TIPT daily chart

You can see the new high price after a permanent announcement from the end of September. The stock is trading above its 50-day moving average (blue line) and its 200-day moving average (the red line). A strong indicator below the price chart indicates a negative divergence.

Tiptree’s weekly price chart is as follows:

The company still has a way to go to fully regain the late 2021 high of 17. Tiptree is trending above the 50-week average and the 200-week moving average.

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Chart courtesy of StockCharts

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