Teacher Retirement System of Texas bought a new stake in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,356 shares of the company's stock, valued at approximately $266,000.
Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in SiriusPoint by 91.0% during the first quarter. GAMMA Investing LLC now owns 4,379 shares of the company's stock valued at $76,000 after acquiring an additional 2,086 shares during the period. Assenagon Asset Management S.A. raised its position in SiriusPoint by 67.5% in the first quarter. Assenagon Asset Management S.A. now owns 59,750 shares of the company's stock worth $1,033,000 after purchasing an additional 24,074 shares in the last quarter. Northern Trust Corp raised its position in SiriusPoint by 9.1% in the fourth quarter. Northern Trust Corp now owns 1,059,021 shares of the company's stock worth $17,357,000 after purchasing an additional 88,296 shares in the last quarter. Millennium Management LLC bought a new stake in SiriusPoint during the 4th quarter worth approximately $1,967,000. Finally, Jane Street Group LLC grew its position in SiriusPoint by 42.7% during the 4th quarter. Jane Street Group LLC now owns 61,976 shares of the company's stock worth $1,016,000 after acquiring an additional 18,531 shares during the last quarter. 52.79% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, Director La Gueronniere Rafe De sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $19.55, for a total transaction of $586,500.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.32% of the stock is currently owned by insiders.
SiriusPoint Stock Performance
Shares of SiriusPoint stock traded up $0.13 during trading on Tuesday, hitting $19.44. 130,289 shares of the stock were exchanged, compared to its average volume of 606,169. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 20.25 and a beta of 0.86. The company has a fifty day moving average price of $19.39 and a 200-day moving average price of $16.90. SiriusPoint Ltd. has a 1-year low of $12.78 and a 1-year high of $21.03. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.36.
SiriusPoint (NYSE:SPNT - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.23. SiriusPoint had a net margin of 6.30% and a return on equity of 7.78%. The business had revenue of $727.30 million for the quarter, compared to analyst estimates of $688.00 million.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on SPNT. Wall Street Zen lowered shares of SiriusPoint from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. 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. B. Riley initiated coverage on shares of SiriusPoint in a research report on Monday. They set a "buy" rating and a $33.00 price target on the stock. Finally, Jefferies Financial Group initiated coverage on shares of SiriusPoint in a research report on Tuesday, April 15th. They set a "hold" rating and a $17.00 price target on the stock. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $25.00.
Get Our Latest Stock Report on SPNT
SiriusPoint Company 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.
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