Added to YB: 2025-02-26
Pitch date: 2025-02-25
TIPT [bullish]
Tiptree Inc.
-0.8%
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
$811.9M
Pitch Price
$21.74
Price Target
40.00 (+78%)
Dividend
1.10%
Sector
Insurance
Category
special_situation
Insureco w/ Potential Strat Alts Announcement Soon + 100% Upside on Buyout ($TIPT)
TIPT: Fortegra sale process leaked to The Insurer, likely announced on Q4 call. Valuation $30-40 based on comps. 95% of revenue, worth $1.2-$1.6B (15-20x ANI). Warburg owns 24%, insiders 34%. Two failed IPOs increase sale likelihood. Risks: no announcement, failed sale attempt. Mar 21 22.5 Calls for 35c.
Read full article (7 min)