Fox Run Management L.L.C. Buys Shares of 20,578 SiriusPoint Ltd. $SPNT

Fox Run Management L.L.C. purchased a new position in shares of SiriusPoint Ltd. (NYSE:SPNT) in the 2nd quarter, Holdings Channel reports. The firm purchased 20,578 shares of the company’s stock, valued at approximately $420,000.

A number of other institutional investors have also made changes to their positions in SPNT. USA Financial Formulas acquired a new position in SiriusPoint during the second quarter worth $27,000. Quarry LP lifted its position in SiriusPoint by 1,737.6% during the 1st quarter. Quarry LP now owns 3,473 shares of the company’s stock worth $60,000 after buying an additional 3,284 shares in the last quarter. US Bancorp DE bought a new stake in SiriusPoint during the 1st quarter worth about $65,000. GAMMA Investing LLC boosted its stake in shares of SiriusPoint by 14.6% during the 2nd quarter. GAMMA Investing LLC now owns 5,018 shares of the company’s stock worth $102,000 after buying an additional 639 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of SiriusPoint in the 1st quarter valued at about $126,000. Institutional investors own 52.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wall Street Zen raised SiriusPoint from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. B. Riley assumed coverage on SiriusPoint in a research note on Monday, July 21st. They set a “buy” rating and a $33.00 price objective on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of SiriusPoint in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $25.00.

SiriusPoint Price Performance

Shares of NYSE SPNT opened at $20.27 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average price is $18.48 and its two-hundred day moving average price is $18.85. The company has a market cap of $2.37 billion, a PE ratio of 12.75 and a beta of 0.81. SiriusPoint Ltd. has a twelve month low of $13.26 and a twelve month high of $21.03.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. The company had revenue of $874.40 million during the quarter, compared to analysts’ expectations of $738.35 million. SiriusPoint had a return on equity of 11.31% and a net margin of 6.97%.

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.