SiriusPoint (SPNT) to Release Quarterly Earnings on Wednesday

SiriusPoint (NYSE:SPNT – Get Rating) is scheduled to announce its earnings results after the market closes on Wednesday, May 4th. Investors interested in listening to the company’s conference call can do so using this link.

SiriusPoint (NYSE:SPNT – Get Rating) last announced its earnings results on Thursday, February 24th. The company reported ($0.88) earnings per share for the quarter. SiriusPoint had a return on equity of 0.86% and a net margin of 0.96%. The firm had revenue of $398.00 million for the quarter.

Shares of NYSE SPNT opened at $6.59 on Wednesday. SiriusPoint has a twelve month low of $6.39 and a twelve month high of $11.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $1.07 billion, a P/E ratio of 32.95 and a beta of 1.12. The business’s fifty day moving average price is $7.21.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its stake in SiriusPoint by 61.5% in the second quarter. Wells Fargo & Company MN now owns 127,504 shares of the company’s stock valued at $1,283,000 after acquiring an additional 48,551 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of SiriusPoint by 14.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 156,298 shares of the company’s stock worth $1,271,000 after buying an additional 19,432 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of SiriusPoint in the 3rd quarter valued at $1,092,000. Bank of America Corp DE boosted its position in SiriusPoint by 181.7% during the 4th quarter. Bank of America Corp DE now owns 132,035 shares of the company’s stock valued at $1,074,000 after buying an additional 85,157 shares during the period. Finally, California State Teachers Retirement System lifted its position in shares of SiriusPoint by 3.1% in the 4th quarter. California State Teachers Retirement System now owns 123,452 shares of the company’s stock worth $1,004,000 after purchasing an additional 3,751 shares during the period. Hedge funds and other institutional investors own 45.99% of the company’s stock.

About SiriusPoint (Get Rating)

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.

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