SiriusPoint Ltd. (NYSE:SPNT - Get Free Report) shares saw strong trading volume on Thursday . 1,711,587 shares were traded during trading, an increase of 130% from the previous session's volume of 744,342 shares.The stock last traded at $17.57 and had previously closed at $17.59.
Analyst Upgrades and Downgrades
SPNT has been the topic of several research reports. B. Riley began coverage on shares of SiriusPoint in a research report on Monday, July 21st. They set a "buy" rating and a $33.00 price target on the stock. Wall Street Zen downgraded SiriusPoint from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 27th. Finally, Oppenheimer set a $25.00 price objective on SiriusPoint and gave the company an "outperform" rating in a report on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $25.00.
View Our Latest Stock Analysis on SiriusPoint
SiriusPoint Stock Performance
The firm has a market capitalization of $2.06 billion, a P/E ratio of 19.85 and a beta of 0.85. The stock has a fifty day simple moving average of $18.68 and a two-hundred day simple moving average of $18.22. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.60 and a quick ratio of 0.60.
SiriusPoint (NYSE:SPNT - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.56 by $0.10. The firm had revenue of $948.20 million during the quarter, compared to the consensus estimate of $720.10 million. SiriusPoint had a return on equity of 6.57% and a net margin of 4.38%.
Institutional Investors Weigh In On SiriusPoint
Several institutional investors have recently bought and sold shares of the stock. USA Financial Formulas purchased a new position in shares of SiriusPoint in the 2nd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC grew its holdings in shares of SiriusPoint by 187.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company's stock worth $43,000 after acquiring an additional 1,377 shares during the period. Quarry LP grew its holdings in shares of SiriusPoint by 1,737.6% in the first quarter. Quarry LP now owns 3,473 shares of the company's stock worth $60,000 after acquiring an additional 3,284 shares during the period. US Bancorp DE bought a new stake in SiriusPoint during the first quarter valued at about $65,000. Finally, GAMMA Investing LLC lifted its position in shares of SiriusPoint by 91.0% in the first quarter. GAMMA Investing LLC now owns 4,379 shares of the company's stock valued at $76,000 after acquiring an additional 2,086 shares in the last quarter. 52.79% of the stock is currently owned by hedge funds and other 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
