Connor Clark & Lunn Investment Management Ltd. bought a new stake in SiriusPoint Ltd. (NYSE:SPNT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,503 shares of the company's stock, valued at approximately $545,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in SiriusPoint by 742.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,714 shares of the company's stock worth $44,000 after purchasing an additional 2,392 shares during the last quarter. US Bancorp DE acquired a new stake in SiriusPoint in the first quarter valued at about $65,000. GAMMA Investing LLC boosted its stake in SiriusPoint by 91.0% in the first quarter. GAMMA Investing LLC now owns 4,379 shares of the company's stock valued at $76,000 after buying an additional 2,086 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in SiriusPoint by 25.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,568 shares of the company's stock valued at $173,000 after buying an additional 2,115 shares in the last quarter. Finally, Quantessence Capital LLC acquired a new stake in SiriusPoint in the fourth quarter valued at about $183,000. 52.79% of the stock is currently owned by institutional investors and hedge funds.
SiriusPoint Stock Performance
Shares of SiriusPoint stock traded up $0.3830 during mid-day trading on Wednesday, hitting $18.6230. 1,807,132 shares of the stock were exchanged, compared to its average volume of 761,183. SiriusPoint Ltd. has a 12 month low of $12.78 and a 12 month high of $21.03. The company has a 50-day simple moving average of $19.18 and a 200 day simple moving average of $17.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $2.17 billion, a P/E ratio of 17.37 and a beta of 0.86.
SiriusPoint (NYSE:SPNT - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.56 by $0.10. SiriusPoint had a net margin of 4.38% and a return on equity of 6.57%. The firm had revenue of $948.20 million for the quarter, compared to analysts' expectations of $720.10 million.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Oppenheimer set a $25.00 price objective on SiriusPoint and gave the company an "outperform" rating in a research note on Thursday, June 26th. Wall Street Zen cut SiriusPoint from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 27th. Finally, B. Riley started coverage on SiriusPoint in a research report on Monday, July 21st. They set a "buy" rating and a $33.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $25.00.
Check Out Our Latest Stock Analysis on SPNT
SiriusPoint Profile
(
Free Report)
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.
See Also
Before you consider SiriusPoint, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SiriusPoint wasn't on the list.
While SiriusPoint currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access