Informed Momentum Co LLC Invests $3.79 Million in SiriusPoint Ltd. (NYSE:SPNT)

Key Points

• Informed Momentum Co LLC has invested approximately $3.79 million in SiriusPoint Ltd. by acquiring 219,292 shares during the 1st quarter.
• Multiple institutional investors, including Mariner LLC and Bank of Montreal Can, have increased their stakes in SiriusPoint, which now has 52.79% of its stock owned by institutional investors and hedge funds.
• SiriusPoint reported an EPS of $0.66 for the last quarter, surpassing the consensus estimate of $0.56, alongside a revenue of $948.20 million compared to expectations of $720.10 million.

Informed Momentum Co LLC acquired a new position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 219,292 shares of the company's stock, valued at approximately $3,792,000. Informed Momentum Co LLC owned approximately 0.19% of SiriusPoint as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mariner LLC boosted its position in shares of SiriusPoint by 6.3% during the 4th quarter. Mariner LLC now owns 20,792 shares of the company's stock worth $341,000 after acquiring an additional 1,230 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of SiriusPoint by 8.4% in the 4th quarter. Bank of Montreal Can now owns 18,013 shares of the company's stock valued at $295,000 after purchasing an additional 1,393 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of SiriusPoint by 10.9% in the 1st quarter. Natixis Advisors LLC now owns 14,662 shares of the company's stock valued at $254,000 after purchasing an additional 1,444 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of SiriusPoint by 91.0% in the 1st quarter. GAMMA Investing LLC now owns 4,379 shares of the company's stock valued at $76,000 after purchasing an additional 2,086 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of SiriusPoint by 25.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,568 shares of the company's stock valued at $173,000 after purchasing an additional 2,115 shares during the last quarter. 52.79% of the stock is owned by institutional investors and hedge funds.

SiriusPoint Stock Up 0.9%

SPNT opened at $18.36 on Tuesday. The business has a 50 day moving average price of $19.28 and a two-hundred day moving average price of $17.38. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.14 billion, a PE ratio of 20.63 and a beta of 0.86. SiriusPoint Ltd. has a 52 week low of $12.78 and a 52 week high of $21.03.

SiriusPoint (NYSE:SPNT - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.56 by $0.10. The firm had revenue of $948.20 million during the quarter, compared to the consensus estimate of $720.10 million. SiriusPoint had a return on equity of 6.57% and a net margin of 4.38%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Oppenheimer set a $25.00 target price on SiriusPoint and gave the company an "outperform" rating in a report on Thursday, June 26th. Jefferies Financial Group assumed coverage on SiriusPoint in a report on Tuesday, April 15th. They issued a "hold" rating and a $17.00 target price for the company. B. Riley assumed coverage on SiriusPoint in a report on Monday, July 21st. They issued a "buy" rating and a $33.00 target price for the company. Finally, Wall Street Zen downgraded SiriusPoint from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. One investment 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 stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $25.00.

SiriusPoint Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.