The stock of SiriusPoint Ltd. (NYSE:SPNT) last traded at $6.45, up 0.47% from the previous session.
SPNT stock price is now 4.40% away from the 50-day moving average and 16.63% away from the 200-day moving average. The market capitalization of the company currently stands at $1.06B.
In other news, Hayes Gretchen A., Director bought 4,200 shares of the company’s stock on Nov 16. The stock was bought for $25,116 at an average price of $5.98. Upon completion of the transaction, the Director now directly owns 103,391 shares in the company, valued at $0.67 million. Insiders disposed of 339,955 shares of company stock worth roughly $2.19 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SPNT stock. A new stake in SiriusPoint Ltd. shares was purchased by PRICE MICHAEL F during the first quarter worth $5,870,000. GILDER GAGNON HOWE & CO LLC invested $5,522,000 in shares of SPNT during the first quarter. In the first quarter, SPRINGHOUSE CAPITAL MANAGEMENT, LP acquired a new stake in SiriusPoint Ltd. valued at approximately $5,118,000. RBF CAPITAL, LLC acquired a new stake in SPNT for approximately $3,416,000. AQR CAPITAL MANAGEMENT LLC purchased a new stake in SPNT valued at around $2,021,000 in the second quarter. In total, there are 206 active investors with 82.50% ownership of the company’s stock.
With an opening price of $6.41 on Monday morning, SiriusPoint Ltd. (NYSE: SPNT) set off the trading day. During the past 12 months, SiriusPoint Ltd. has had a low of $4.07 and a high of $8.66. The fifty day moving average price for SPNT is $6.18 and a two-hundred day moving average price translates $5.53 for the stock.
The latest earnings results from SiriusPoint Ltd. (NYSE: SPNT) was released for Jun, 2022. According to the Insurance – Reinsurance Company, earnings per share came in at -$0.38, missing analysts’ expectations of -$0.15 by -0.23. This compares to -$0.34 EPS in the same period last year. The net profit margin was -26.20% and return on equity was -23.10% for SPNT. The company reported revenue of $597.5 million for the quarter, compared to $732.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.44 percent.
SiriusPoint Ltd.(SPNT) 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 coverage to various product lines, which includes aviation and space, casualty, contingency, credit and bond, marine and energy, mortgage, and property to insurance and reinsurance companies, government entities, and other risk bearing vehicles. The Insurance & Services segment offers coverage to various product lines comprising accident and health, environmental, workers’ compensation, and other lines of business, including a cross section of property and casualty lines. The company was formerly known as Third Point Reinsurance Ltd. and changed its name to SiriusPoint Ltd. in February 2021. SiriusPoint Ltd. was incorporated in 2011 and is headquartered in Pembroke, Bermuda.