SiriusPoint Ltd (NYSE: SPNT) is -8.79% lower on its value in year-to-date trading and has touched a low of $10.84 and a high of $16.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SPNT stock was last observed hovering at around $15.28 in the last trading session, with the day’s loss setting it -0.33%.
Currently trading at $14.95, the stock is -0.38% and 0.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.39 million and changing -2.16% at the moment leaves the stock 9.48% off its SMA200. SPNT registered 28.11% gain for a year compared to 6-month gain of 23.25%. The firm has a 50-day simple moving average (SMA 50) of $14.7948 and a 200-day simple moving average (SMA200) of $13.64155.
The stock witnessed a -5.68% loss in the last 1 month and extending the period to 3 months gives it a 11.57%, and is -8.79% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.76% over the week and 3.45% over the month.
SiriusPoint Ltd (SPNT) has around 1063 employees, a market worth around $2.42B and $2.64B in sales. Current P/E ratio is 9.20 and Fwd P/E is 7.47. Profit margin for the company is 11.10%. Distance from 52-week low is 37.92% and -9.39% from its 52-week high. The company has generated returns on investments over the last 12 months (8.72%).
The EPS is expected to shrink by -13.57% this year
246.0 institutions hold shares in SiriusPoint Ltd (SPNT), with institutional investors hold 98.60% of the company’s shares. The shares outstanding are 161.87M, and float is at 98.62M with Short Float at 1.91%. Institutions hold 88.13% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.31 million shares valued at $174.58 million. The investor’s holdings represent 8.4709 of the SPNT Shares outstanding. As of 2024-06-30, the second largest holder is WELLINGTON MANAGEMENT GROUP LLP with 11.23 million shares valued at $136.99 million to account for 6.6467 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 10.68 million shares representing 6.3236 and valued at over $130.33 million, while DONALD SMITH & CO., INC. holds 4.1863 of the shares totaling 7.07 million with a market value of $86.28 million.
SiriusPoint Ltd (SPNT) Insider Activity
The most recent transaction is an insider sale by Cabat Evan, the company’s Chief Accounting Officer. SEC filings show that Cabat Evan sold 2,000 shares of the company’s common stock on Aug 13 ’24 at a price of $14.43 per share for a total of $28860.0. Following the sale, the insider now owns 33928.0 shares.
