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Friday, September 29, 2023

An Evaluation Of SiriusPoint Ltd. (NYSE: SPNT) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for SiriusPoint Ltd. (SPNT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $10.60. The SiriusPoint Ltd. has recorded 30,404 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed SiriusPoint and Dan Loeb Enter Standstill Agreement.

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Stocks Info

SPNT belongs to the Financial sector of the NYSE while operating in the Insurance – Reinsurance industry. The current market capitalization of SiriusPoint Ltd. is $1.75B. A total of 0.7 million shares were traded on the day, compared to an average of 509.53K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SPNT has seen 9 BUY and 0 SELL insider trades, representing the acquisition of 106,628 and the disposition of 0 shares. Over the last 12 months, there were 25 BUYs and 14 SELLs from insiders. Insiders purchased 1,661,006 shares during that period but sold 176,382.

In the most recent transaction, TAN WEI HAN bought 17,054 shares of SPNT for 8.92 per share on Jun 23. After the transaction, the Director now owns 18,596 company shares. In a previous transaction on Jun 05, TAN WEI HAN bought 1,542 shares at 9.00 per share. SPNT shares that Director owns now total 1,542.

Among the insiders who bought shares, Loeb Daniel S acquired of 105 shares on May 25 at a per-share price of $23.75. This resulted in the Director holding 34,796 shares of SPNT after the transaction. In another insider transaction, Loeb Daniel S bought 728 shares at $23.74 per share on May 24. Company shares held by the Director now total 34,691.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SPNT in the last 3 months, the mean price target is $13.00 with high estimates of $13.00 and low estimates of $13.00. In terms of 52-week highs and lows, SPNT has a high of $11.34 and a low of $4.41.

As of this writing, SPNT has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.2 per share and a lower estimate of $0.2. The company reported an EPS of $0.78 in the last quarter, which was 160.00% higher than expectations of $0.3.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SPNT’s latest balance sheet shows that the firm has $2.08B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $12.68, while its Total Shareholder’s Equity was $2.50B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPNT is Buy with a score of 3.00.

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