SiriusPoint (NYSE:SPNT) Stock Rating Lowered by Wall Street Zen

Wall Street Zen lowered shares of SiriusPoint (NYSE:SPNT - Free Report) from a strong-buy rating to a buy rating in a report issued on Friday.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group started coverage on shares of SiriusPoint in a research report on Tuesday, April 15th. They set a "hold" rating and a $17.00 price target for the company. Oppenheimer set a $25.00 target price on shares of SiriusPoint and gave the company an "outperform" rating in a report on Thursday. Finally, DOWLING & PARTN raised shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

SiriusPoint Stock Performance

SPNT traded up $0.01 during trading on Friday, reaching $20.41. 601,553 shares of the company's stock were exchanged, compared to its average volume of 601,531. SiriusPoint has a 1 year low of $11.96 and a 1 year high of $21.03. 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 $2.38 billion, a P/E ratio of 21.25 and a beta of 0.86. The company's fifty day simple moving average is $18.89 and its 200-day simple moving average is $16.45.

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 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 company had revenue of $727.30 million during the quarter, compared to analyst estimates of $688.00 million.

Insider Buying and Selling

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 transaction of $586,500.00. Following the completion of the sale, the director owned 127,578 shares of the company's stock, valued at $2,494,149.90. This represents a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.32% of the company's stock.

Institutional Investors Weigh In On SiriusPoint

Large investors have recently modified their holdings of the business. Sterling Capital Management LLC grew its holdings in shares of SiriusPoint by 742.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,714 shares of the company's stock worth $44,000 after buying an additional 2,392 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of SiriusPoint by 122.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company's stock worth $53,000 after buying an additional 1,779 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of SiriusPoint by 14,087.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company's stock worth $53,000 after buying an additional 3,240 shares in the last quarter. Quarry LP grew its holdings in shares of SiriusPoint by 1,737.6% during the first quarter. Quarry LP now owns 3,473 shares of the company's stock worth $60,000 after buying an additional 3,284 shares in the last quarter. Finally, US Bancorp DE purchased a new stake in shares of SiriusPoint during the first quarter worth $65,000. Hedge funds and other institutional investors own 52.79% of the company's stock.

SiriusPoint Company 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.