SiriusPoint Ltd. (NYSE:SPNT - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $18.00 and last traded at $17.92, with a volume of 686021 shares traded. The stock had previously closed at $16.94.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of SiriusPoint in a research report on Tuesday, April 15th. They issued a "hold" rating and a $17.00 price objective on the stock. DOWLING & PARTN raised SiriusPoint from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th.
Read Our Latest Analysis on SiriusPoint
SiriusPoint Trading Up 5.8 %
The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 0.37. The firm's fifty day moving average is $15.99 and its two-hundred day moving average is $15.08. The firm has a market cap of $2.91 billion, a P/E ratio of 18.67 and a beta of 0.72.
SiriusPoint (NYSE:SPNT - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.49). SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%. The company had revenue of $612.80 million during the quarter.
Insider Buying and Selling at SiriusPoint
In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $13.71, for a total transaction of $56,301,911.01. Following the completion of the transaction, the director now owns 9,428,008 shares of the company's stock, valued at approximately $129,257,989.68. This trade represents a 30.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 11.70% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. R Squared Ltd purchased a new stake in SiriusPoint in the fourth quarter worth about $35,000. Sterling Capital Management LLC grew its stake 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 worth $44,000 after buying an additional 2,392 shares during the last quarter. Smartleaf Asset Management LLC increased its position in SiriusPoint by 122.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company's stock valued at $53,000 after buying an additional 1,779 shares in the last quarter. Farther Finance Advisors LLC raised its stake in SiriusPoint by 14,087.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company's stock valued at $53,000 after buying an additional 3,240 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in SiriusPoint by 91.0% in the first quarter. GAMMA Investing LLC now owns 4,379 shares of the company's stock worth $76,000 after acquiring an additional 2,086 shares in the last quarter. 52.79% of the stock is currently owned by institutional investors.
SiriusPoint Company Profile
(
Get 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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