Does SiriusPoint Ltd. (SPNT) offer a good opportunity for investors?

SiriusPoint Ltd. (NYSE: SPNT) stock jumped 0.48% on Friday to $4.18 against a previous-day closing price of $4.16. With 1.36 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.71 million shares. During the session, the Insurance – Reinsurance company that operates in wider Financial sector, reached to the highest price of $4.2300 whereas the lowest price it dropped to was $4.0750. The 52-week range on SPNT shows that it touched its highest point at $10.18 and its lowest point at $4.07 during that stretch. Beta for the stock currently stands at 0.99.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SPNT was down-trending over the past week, with a drop of -8.33%, but this was down by -23.86% over a month. Three-month performance dropped to -28.55% while six-month performance fell -50.65%. The stock lost -56.68% in the past year, while it has lost -48.59% so far this year. A look at the trailing 12-month EPS for SPNT yields -2.38 with Next year EPS estimates of 1.40. For the next quarter, that number is -0.15. This implies an EPS growth rate of -80.60% for this year and 211.10% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.60%.

Float and Shares Shorts:

At present, 159.87 million SPNT shares are outstanding with a float of 142.25 million shares on hand for trading. On Jul 14, 2022, short shares totaled 2.09 million, which was 1.29% higher than short shares on Jun 14, 2022. In addition to Mr. Daniel Victor Malloy III as the firm’s Interim Chief Exec. Officer, Mr. David William Junius serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 82.97% of SPNT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 30.81% of SPNT, in contrast to 17.46% held by mutual funds. Shares owned by individuals account for 12.92%. As the largest shareholder in SPNT with 8.30% of the stake, BlackRock Fund Advisors holds 13,460,342 shares worth 13,460,342. A second-largest stockholder of SPNT, Wellington Management Co. LLP, holds 10,390,794 shares, controlling over 6.41% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in SPNT, holding 9,497,144 shares or 5.86% stake. With a 5.06% stake in SPNT, the American Funds Small Cap World Fu is the largest stakeholder. A total of 8,200,000 shares are owned by the mutual fund manager. The iShares Core S&P Small Cap ETF, which owns about 3.76% of SPNT stock, is the second-largest Mutual Fund holder. It holds 6,100,135 shares valued at 33.06 million. Vanguard Total Stock Market Index holds 1.64% of the stake in SPNT, owning 2,665,000 shares worth 14.44 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPNT since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SPNT analysts setting a high price target of $13.00 and a low target of $13.00, the average target price over the next 12 months is $13.00. Based on these targets, SPNT could surge 211.0% to reach the target high and rise by 211.0% to reach the target low. Reaching the average price target will result in a growth of 211.0% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SPNT will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of -$0.85 being high and -$0.85 being low. For SPNT, this leads to a yearly average estimate of -$0.85. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. SiriusPoint Ltd. surprised analysts by -$0.96 when it reported -$1.36 EPS against a consensus estimate of -$0.40. The surprise factor in the prior quarter was -$1.15. Based on analyst estimates, the high estimate for the next quarter is -$0.15 and the low estimate is -$0.15. The average estimate for the next quarter is thus -$0.15.

Summary of Insider Activity:

Insiders traded SPNT stock several times over the past three months with 9 Buys and 0 Sells. In these transactions, 383,846 shares were bought while 0 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 1,742,084 while 299,450 shares were sold.

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