Millennium Management LLC bought a new position in SiriusPoint Ltd. (NYSE:SPNT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 120,020 shares of the company's stock, valued at approximately $1,967,000. Millennium Management LLC owned about 0.07% of SiriusPoint as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in SiriusPoint in the fourth quarter valued at $35,000. Sterling Capital Management LLC boosted its holdings in SiriusPoint by 742.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,714 shares of the company's stock valued at $44,000 after acquiring an additional 2,392 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in SiriusPoint by 122.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company's stock valued at $53,000 after acquiring an additional 1,779 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in SiriusPoint by 14,087.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company's stock valued at $53,000 after acquiring an additional 3,240 shares in the last quarter. Finally, KBC Group NV boosted its holdings in SiriusPoint by 80.1% in the fourth quarter. KBC Group NV now owns 5,935 shares of the company's stock valued at $97,000 after acquiring an additional 2,640 shares in the last quarter. Institutional investors own 52.79% of the company's stock.
SiriusPoint Stock Up 0.6%
SiriusPoint stock traded up $0.12 on Friday, hitting $19.38. 359,847 shares of the stock traded hands, compared to its average volume of 620,216. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 0.37. The firm has a market cap of $2.26 billion, a P/E ratio of 20.19 and a beta of 0.86. The business's fifty day simple moving average is $17.91 and its 200 day simple moving average is $16.02. SiriusPoint Ltd. has a 1 year low of $11.92 and a 1 year high of $19.87.
SiriusPoint (NYSE:SPNT - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.26 by $0.23. The business had revenue of $727.30 million during the quarter, compared to analyst estimates of $688.00 million. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. DOWLING & PARTN upgraded shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Jefferies Financial Group started coverage on SiriusPoint in a research report on Tuesday, April 15th. They set a "hold" rating and a $17.00 price objective for the company. Finally, Wall Street Zen raised SiriusPoint from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th.
Check Out Our Latest Report on SiriusPoint
Insider Buying and Selling at SiriusPoint
In other news, Director La Gueronniere Rafe De sold 30,000 shares of SiriusPoint stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $19.55, for a total value of $586,500.00. Following the completion of the transaction, the director now owns 127,578 shares of the company's stock, valued at $2,494,149.90. The trade was a 19.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.70% of the company's stock.
SiriusPoint Company Profile
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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.
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