Added to YB: 2023-11-29
Pitch date: 2023-11-29
TIPT [bullish]
Tiptree Inc.
+0.99%
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
$18.03
Price Target
31.37 (+75%)
Dividend
1.25%
EV/EBITDA
4.71
P/E
16.75
EV/Sales
0.58
Sector
Insurance
Category
growth
Show full summary:
Preliminary Screen on $TIPT
TIPT: Owns 73% of specialty insurer Fortegra (filed S-1). Fortegra GWPPE +27% CAGR since '19, 90-92% combined ratio past 7yrs vs peers 5% std dev. Serves underserved niche markets. Warburg valued Fortegra at 13.5x adj net income in '21, now $107M implies $25.37/sh for TIPT (1.73x P/B). Tiptree Capital worth $6/sh. $31.37 PT for 74% upside.
Read full article (5 min)