SiriusPoint (NYSE:SPNT) Shares Gap Down to $7.30

SiriusPoint Ltd. (NYSE:SPNT – Get Rating) shares gapped down before the market opened on Friday . The stock had previously closed at $7.30, but opened at $7.06. SiriusPoint shares last traded at $7.21, with a volume of 150,464 shares trading hands.

Analyst Ratings Changes

Separately, TheStreet raised shares of SiriusPoint from a “d+” rating to a “c-” rating in a research report on Thursday, February 23rd.

SiriusPoint Stock Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a fifty day simple moving average of $7.01 and a 200 day simple moving average of $6.11. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -2.85 and a beta of 0.99.

Hedge Funds Weigh In On SiriusPoint

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG grew its holdings in SiriusPoint by 666.0% during the third quarter. UBS Group AG now owns 6,044 shares of the company’s stock valued at $30,000 after purchasing an additional 5,255 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of SiriusPoint by 83.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,821 shares of the company’s stock worth $36,000 after acquiring an additional 2,200 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of SiriusPoint by 250.9% in the first quarter. Captrust Financial Advisors now owns 7,376 shares of the company’s stock worth $55,000 after acquiring an additional 5,274 shares during the last quarter. Vantage Consulting Group Inc acquired a new stake in shares of SiriusPoint in the third quarter worth $60,000. Finally, Cipher Capital LP acquired a new stake in shares of SiriusPoint in the fourth quarter worth $60,000. Institutional investors and hedge funds own 47.33% of the company’s stock.

SiriusPoint Company Profile

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SiriusPoint Ltd. engages in the provision of insurance and reinsurance services. The insurance lines include: Accident and Health, Environmental, Property, Energy, Workers’ Compensation, and Aviation and Space. The reinsurance lines include: Marine and Energy, Casualty, Aviation and Space, and Credit and Bond.