SiriusPoint (NYSE:SPNT) Upgraded at Wall Street Zen

SiriusPoint (NYSE:SPNT - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday.

SPNT has been the topic of a number of other reports. Jefferies Financial Group started coverage on shares of SiriusPoint in a research note on Tuesday, April 15th. They issued a "hold" rating and a $17.00 price objective on the stock. DOWLING & PARTN raised shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

SiriusPoint Trading Up 0.7%

Shares of NYSE:SPNT traded up $0.13 during trading on Friday, reaching $19.65. The stock had a trading volume of 468,578 shares, compared to its average volume of 620,139. The firm's fifty day moving average is $17.62 and its 200 day moving average is $15.83. 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 52 week low of $11.92 and a 52 week high of $19.87. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 20.47 and a beta of 0.81.

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 analysts' consensus estimates of $0.26 by $0.23. SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%. The company had revenue of $727.30 million for the quarter, compared to analyst estimates of $688.00 million.

Insider Buying and Selling

In other SiriusPoint news, Director La Gueronniere Rafe De sold 30,000 shares of the firm'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 now directly owns 127,578 shares of the company's stock, valued at approximately $2,494,149.90. This trade 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 accessible through this hyperlink. 11.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SPNT. Barclays PLC lifted its stake in shares of SiriusPoint by 172.7% in the third quarter. Barclays PLC now owns 210,545 shares of the company's stock valued at $3,018,000 after buying an additional 133,331 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of SiriusPoint in the fourth quarter valued at about $185,000. Exchange Traded Concepts LLC raised its holdings in shares of SiriusPoint by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 123,912 shares of the company's stock valued at $2,031,000 after purchasing an additional 5,075 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of SiriusPoint by 8.4% in the fourth quarter. Flagship Harbor Advisors LLC now owns 24,971 shares of the company's stock valued at $409,000 after purchasing an additional 1,945 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of SiriusPoint by 80.1% in the fourth quarter. KBC Group NV now owns 5,935 shares of the company's stock valued at $97,000 after purchasing an additional 2,640 shares during the last quarter. 52.79% of the stock is owned by institutional investors.

About SiriusPoint

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.