MYDA Advisors LLC purchased a new stake in SiriusPoint Ltd. (NYSE:SPNT) in the first quarter, HoldingsChannel.com reports. The firm purchased 240,000 shares of the company’s stock, valued at approximately $2,441,000.
A number of other institutional investors have also added to or reduced their stakes in SPNT. Fieldpoint Private Securities LLC acquired a new position in shares of SiriusPoint in the first quarter valued at about $25,000. The PNC Financial Services Group Inc. acquired a new position in shares of SiriusPoint in the first quarter valued at about $40,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of SiriusPoint in the first quarter valued at about $105,000. Royce & Associates LP acquired a new position in shares of SiriusPoint in the first quarter valued at about $107,000. Finally, Wedge Capital Management L L P NC acquired a new position in shares of SiriusPoint in the first quarter valued at about $113,000. Institutional investors own 42.27% of the company’s stock.
In related news, insider Daniel V. Malloy sold 61,964 shares of SiriusPoint stock in a transaction that occurred on Tuesday, May 25th. The stock was sold at an average price of $10.49, for a total transaction of $650,002.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Franklin Iv Montross acquired 10,000 shares of SiriusPoint stock in a transaction that occurred on Monday, March 15th. The shares were bought at an average price of $11.04 per share, for a total transaction of $110,400.00. Company insiders own 8.93% of the company’s stock.
SiriusPoint stock traded up $0.23 during midday trading on Friday, hitting $10.82. 2,705 shares of the company were exchanged, compared to its average volume of 451,627. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.72 and a quick ratio of 0.72. SiriusPoint Ltd. has a fifty-two week low of $6.74 and a fifty-two week high of $11.50. The stock’s fifty day simple moving average is $10.53. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 2.33 and a beta of 1.18.
SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data on Monday, May 10th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.60 by $0.45. SiriusPoint had a return on equity of 27.19% and a net margin of 33.31%.
SiriusPoint Ltd. provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners' and commercial, workers' compensation, personal and and commercial automobile, mortgage, and multi-line reinsurance products; professional, transactional, and general liability reinsurance products; and cyber, marine, travel, and extended warranty reinsurance products.
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