SiriusPoint (NYSE:SPNT) Reaches New 12-Month High - What's Next?

SiriusPoint Ltd. (NYSE:SPNT - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $17.47 and last traded at $17.37, with a volume of 129198 shares trading hands. The stock had previously closed at $17.06.

Analyst Ratings Changes

Separately, DOWLING & PARTN upgraded SiriusPoint from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th.

SiriusPoint Stock Down 8.5 %

The stock's 50 day simple moving average is $15.05 and its two-hundred day simple moving average is $14.71. The firm has a market cap of $2.61 billion, a P/E ratio of 16.73 and a beta of 0.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.57 and a quick ratio of 0.56.

SiriusPoint (NYSE:SPNT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.49). SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%. The company had revenue of $612.80 million for the quarter.

Insider Buying and Selling at SiriusPoint

In other news, Director Daniel S. Loeb sold 4,106,631 shares of SiriusPoint 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 completion of the sale, the director now directly owns 9,428,008 shares in the company, valued at $129,257,989.68. The trade was a 30.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.32% of the stock is owned by company insiders.

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Institutional Investors Weigh In On SiriusPoint

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mariner LLC boosted its stake in shares of SiriusPoint by 6.3% in the 4th quarter. Mariner LLC now owns 20,792 shares of the company's stock worth $341,000 after buying an additional 1,230 shares during the last quarter. Bank of Montreal Can grew its position in shares of SiriusPoint by 8.4% during the 4th quarter. Bank of Montreal Can now owns 18,013 shares of the company's stock valued at $295,000 after acquiring an additional 1,393 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of SiriusPoint by 122.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company's stock worth $53,000 after purchasing an additional 1,779 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake 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 worth $409,000 after buying an additional 1,945 shares during the period. Finally, R Squared Ltd purchased a new position in shares of SiriusPoint during the 4th quarter valued at about $35,000. 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.