Victory Capital Management Inc. lifted its position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 4,246.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,741,280 shares of the company's stock after purchasing an additional 2,678,214 shares during the period. Victory Capital Management Inc. owned 1.69% of SiriusPoint worth $47,397,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Mariner LLC increased its stake in 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 during the period. Bank of Montreal Can increased its stake in SiriusPoint by 8.4% during the 4th quarter. Bank of Montreal Can now owns 18,013 shares of the company's stock worth $295,000 after acquiring an additional 1,393 shares during the period. GAMMA Investing LLC increased its stake in SiriusPoint by 91.0% during the 1st quarter. GAMMA Investing LLC now owns 4,379 shares of the company's stock worth $76,000 after acquiring an additional 2,086 shares during the period. Tower Research Capital LLC TRC increased its stake in SiriusPoint by 25.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,568 shares of the company's stock worth $173,000 after acquiring an additional 2,115 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of SiriusPoint by 742.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,714 shares of the company's stock valued at $44,000 after purchasing an additional 2,392 shares in the last quarter. Institutional investors own 52.79% of the company's stock.
SiriusPoint Stock Performance
SiriusPoint stock traded up $0.17 during trading on Tuesday, hitting $19.48. The stock had a trading volume of 156,818 shares, compared to its average volume of 606,278. SiriusPoint Ltd. has a 1 year low of $12.78 and a 1 year high of $21.03. 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 stock's 50 day moving average is $19.39 and its two-hundred day moving average is $16.90. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 20.26 and a beta of 0.86.
SiriusPoint (NYSE:SPNT - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $688.00 million. SiriusPoint had a return on equity of 7.78% and a net margin of 6.30%.
Wall Street Analyst Weigh In
SPNT has been the topic of a number of research analyst reports. Jefferies Financial Group began coverage on SiriusPoint in a report on Tuesday, April 15th. They issued a "hold" rating and a $17.00 target price on the stock. Oppenheimer set a $25.00 target price on SiriusPoint and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Wall Street Zen downgraded SiriusPoint from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 27th. Finally, B. Riley initiated coverage on SiriusPoint in a research note on Monday. They issued a "buy" rating and a $33.00 price objective on the stock. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $25.00.
Check Out Our Latest Stock Report on SiriusPoint
Insider Activity
In other news, Director La Gueronniere Rafe De sold 30,000 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $19.55, for a total value of $586,500.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.32% of the stock is currently owned by corporate insiders.
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.
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