Added to YB: 2024-02-09
Pitch date: 2024-02-08
TIPT [bullish]
Tiptree Inc.
+17.39%
current return
Author Info
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Company Info
Tiptree Inc., through its subsidiaries, provides specialty insurance products and related services in the United States and Europe.
Market Cap
$727.0M
Pitch Price
$15.51
Price Target
N/A
Dividend
1.25%
EV/EBITDA
4.71
P/E
16.75
EV/Sales
0.58
Sector
Insurance
Category
special_situation
Show full summary:
Tiptree: Another Fortegra IPO Pulled, Disappointing But Value Still Building
$TIPT canceled Fortegra IPO unexpectedly despite oversubscription. Q4 implies $2.38/share for TIPT's stake, stock at 6.7x trailing Fortegra earnings alone. IPO introduced Fortegra to more investors; strategic potential remains to realize value via asset sales/spin-off. No value lost, only missed opportunity.
Read full article (2 min)