SiriusPoint (NYSE:SPNT) Now Covered by B. Riley

Analysts at B. Riley began coverage on shares of SiriusPoint (NYSE:SPNT - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat reports. The firm set a "buy" rating and a $33.00 price target on the stock. B. Riley's price target points to a potential upside of 69.45% from the company's current price.

Several other equities analysts have also commented on the stock. Oppenheimer set a $25.00 price objective on shares of SiriusPoint and gave the company an "outperform" rating in a research report on Thursday, June 26th. Wall Street Zen lowered SiriusPoint from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. Finally, Jefferies Financial Group started coverage on SiriusPoint in a report on Tuesday, April 15th. They issued a "hold" rating and a $17.00 price objective on the stock. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, SiriusPoint presently has an average rating of "Buy" and a consensus price target of $25.00.

SiriusPoint Price Performance

Shares of SiriusPoint stock traded up $0.17 on Monday, hitting $19.48. 483,881 shares of the company traded hands, compared to its average volume of 607,553. The stock has a market capitalization of $2.27 billion, a P/E ratio of 20.29 and a beta of 0.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.60 and a current ratio of 0.60. SiriusPoint has a 52 week low of $12.78 and a 52 week high of $21.03. The business has a 50-day simple moving average of $19.39 and a 200 day simple moving average of $16.90.

SiriusPoint (NYSE:SPNT - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.23. The business had revenue of $727.30 million for the quarter, compared to analysts' expectations of $688.00 million. SiriusPoint had a net margin of 6.30% and a return on equity of 7.78%.

Insider Transactions at SiriusPoint

In other SiriusPoint news, Director La Gueronniere Rafe De sold 30,000 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $19.55, for a total value of $586,500.00. Following the sale, the director owned 127,578 shares of the company's stock, valued at approximately $2,494,149.90. This represents a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.32% of the company's stock.

Institutional Trading of SiriusPoint

A number of hedge funds have recently added to or reduced their stakes in SPNT. Proficio Capital Partners LLC purchased a new stake in shares of SiriusPoint during the 4th quarter valued at about $246,000. Farther Finance Advisors LLC boosted its position in SiriusPoint by 14,087.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company's stock valued at $53,000 after purchasing an additional 3,240 shares during the period. American Century Companies Inc. boosted its position in SiriusPoint by 9.3% during the 4th quarter. American Century Companies Inc. now owns 2,656,792 shares of the company's stock valued at $43,545,000 after purchasing an additional 226,870 shares during the period. KLP Kapitalforvaltning AS acquired a new position in SiriusPoint during the 4th quarter worth $377,000. Finally, Vanguard Group Inc. raised its stake in shares of SiriusPoint by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 11,035,872 shares of the company's stock worth $180,878,000 after buying an additional 144,963 shares in the last quarter. 52.79% of the stock is owned by institutional investors and hedge funds.

About SiriusPoint

SiriusPoint Ltd. provides multi-line insurance and reinsurance products and services worldwide. The company operates through two segments, Reinsurance, and Insurance & Services. The Reinsurance segment provides aviation and space, accident and health, casualty, credit, marine and energy, property to insurance and reinsurance companies, government entities, and other risk bearing vehicles.