Teacher Retirement System of Texas acquired a new position in SiriusPoint Ltd. (NYSE:SPNT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,356 shares of the company's stock, valued at approximately $266,000.
Several other hedge funds also recently added to or reduced their stakes in SPNT. Assenagon Asset Management S.A. increased its position in shares of SiriusPoint by 67.5% during 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. GAMMA Investing LLC increased its position in shares of SiriusPoint by 91.0% during the first quarter. GAMMA Investing LLC now owns 4,379 shares of the company's stock worth $76,000 after purchasing an additional 2,086 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of SiriusPoint during the first quarter worth about $6,869,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of SiriusPoint by 17.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 198,852 shares of the company's stock worth $3,259,000 after purchasing an additional 28,918 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of SiriusPoint by 37.7% during the fourth quarter. ProShare Advisors LLC now owns 28,300 shares of the company's stock worth $464,000 after purchasing an additional 7,750 shares in the last quarter. 52.79% of the stock is currently owned by hedge funds and other institutional investors.
SiriusPoint Stock Performance
NYSE:SPNT traded up $0.20 during midday trading on Wednesday, reaching $19.65. The stock had a trading volume of 549,759 shares, compared to its average volume of 608,928. SiriusPoint Ltd. has a 1-year low of $12.78 and a 1-year high of $21.03. The firm's fifty day simple moving average is $19.39 and its 200-day simple moving average is $16.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $2.29 billion, a P/E ratio of 20.46 and a beta of 0.86.
SiriusPoint (NYSE:SPNT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.23. The company had revenue of $727.30 million for the quarter, compared to analyst estimates 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 business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $19.55, for a total value of $586,500.00. Following the completion of the transaction, the director directly owned 127,578 shares of the company's stock, valued at approximately $2,494,149.90. The trade was a 19.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.70% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
SPNT has been the subject of a number of research reports. Wall Street Zen downgraded shares of SiriusPoint from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 27th. B. Riley assumed coverage on SiriusPoint in a research report on Monday. They set a "buy" rating and a $33.00 price objective for the company. Jefferies Financial Group assumed coverage on SiriusPoint in a report on Tuesday, April 15th. They issued a "hold" rating and a $17.00 price target for the company. Finally, Oppenheimer set a $25.00 price target on SiriusPoint and gave the company an "outperform" rating in a report on Thursday, June 26th. One equities research 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's stock. According to data from MarketBeat.com, SiriusPoint has a consensus rating of "Buy" and a consensus price target of $25.00.
Get Our Latest Research Report on SiriusPoint
About SiriusPoint
(
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.
Read More

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
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.