Added to YB: 2023-12-13
Pitch date: 2023-11-27
TIPT [bullish]
Tiptree Inc.
-8.65%
current return
Author Info
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Company Info
Tiptree Inc. does not have significant operations. Previously, it was engaged in the provision of specialty insurance products.
Market Cap
$633.8M
Pitch Price
$18.57
Price Target
31.37 (+85%)
Dividend
1.42%
EV/EBITDA
-21.90
P/E
-17.48
EV/Sales
-382.84
Sector
Insurance
Category
special_situation
Show full summary:
Tiptree Inc. (NASDAQ: TIPT) Initial Screen
$TIPT: Hidden gem Fortegra (73% owned) filed for IPO. Grew premiums 27% CAGR since '19, consistent 90s combined ratio. Warburg valued at 13.5x earnings in '21; applying to LTM implies $25.37/share for TIPT holders vs $18.50 now. Tiptree Capital worth $6/share extra, 74% upside to $31.37.
Read full article (5 min)