SiriusPoint (NYSE:SPNT - Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.23, Zacks reports. The business had revenue of $727.30 million during the quarter, compared to analysts' expectations of $688.00 million. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%.
SiriusPoint Price Performance
Shares of SiriusPoint stock traded down $0.07 during trading on Friday, reaching $19.23. 528,402 shares of the company's stock were exchanged, compared to its average volume of 610,050. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.56 and a current ratio of 0.57. SiriusPoint has a 1-year low of $11.92 and a 1-year high of $19.74. The company has a market cap of $2.24 billion, a P/E ratio of 20.03 and a beta of 0.81. The firm's 50-day moving average price is $16.39 and its 200 day moving average price is $15.28.
Insider Activity at SiriusPoint
In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $13.71, for a total value of $56,301,911.01. Following the sale, the director now owns 9,428,008 shares in the company, valued at $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 is available at this link. 11.70% of the stock is currently owned by insiders.
Analysts Set New Price Targets
SPNT has been the subject of a number of analyst reports. DOWLING & PARTN raised SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Jefferies Financial Group started coverage on shares of SiriusPoint in a research report on Tuesday, April 15th. They issued a "hold" rating and a $17.00 target price for the company.
View Our Latest Analysis on SPNT
About SiriusPoint
(
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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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