Investing in SiriusPoint Ltd. (SPNT): What You Must Know

SiriusPoint Ltd.’s filing revealed that its Director TAN WEI HAN acquired Company’s shares for reported $0.15 million on Jun 23. In the deal valued at $8.92 per share,17,054 shares were bought. As a result of this transaction, TAN WEI HAN now holds 18,596 shares worth roughly $ 0.2 million.

Then, TAN WEI HAN bought 1,542 shares, generating $13,878 in total proceeds. Upon buying the shares at $9.00, the Director now owns 1,542 shares.

Before that, Loeb Daniel S bought 105 shares. SiriusPoint Ltd. shares valued at $2,494 were divested by the Director at a price of $23.75 per share. As a result of the transaction, Loeb Daniel S now holds 34,796 shares, worth roughly $0.38 million.

Price Performance Review of SPNT

On Friday, SiriusPoint Ltd. [NYSE:SPNT] saw its stock fall -1.18% to $10.93. On the same session, the stock had its day’s lowest price of $10.87, but rose to a high of $11.16. Over the last five days, the stock has gained 1.86%. SiriusPoint Ltd. shares have risen nearly 85.25% since the year began. Nevertheless, the stocks have risen 144.52% over the past one year. While a 52-week high of $11.34 was reached on 08/29/23, a 52-week low of $4.41 was recorded on 01/03/23. SMA at 50 days reached $9.75, while 200 days put it at $8.18. A total of 0.65 million shares were traded, compared to the trading of 0.62 million shares in the previous session.

Levels Of Support And Resistance For SPNT Stock

The 24-hour chart illustrates a support level at 10.81, which if violated will result in even more drops to 10.70. On the upside, there is a resistance level at 11.10. A further resistance level may holdings at 11.28. The Relative Strength Index (RSI) on the 14-day chart is 64.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.94%. Stochastics %K at 74.17% indicates the stock is a holding.

How much short interest is there in SiriusPoint Ltd.?

A steep rise in short interest was recorded in SiriusPoint Ltd. stocks on Aug 14, 2023, growing by 40000.0 shares to a total of 3.58 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.54 million shares. There was a rise of 1.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.10% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.29.

SiriusPoint Ltd. [SPNT] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 13,123,065 shares, or roughly 8.05% of the outstanding SPNT shares. In other words, the investor’s shares have fallen by -332,679 from its previous 13-F filing of 13455744.0. Additionally, The Vanguard Group, Inc. decreased -1.06% of its stake after which the total value it holdings stand at $88,428,766, while Capital Research & Management Co reduced -7.22% of its stake to hold $77.99 million in the firm. Over the last quarter, Wellington Management Co. LLP purchased 860,404 shares of SiriusPoint Ltd., while Private Management Group, Inc. bought -328,779 shares. At present, Dimensional Fund Advisors LP is holding 4,638,858 shares valued at $43.33 million. Donald Smith & Co., Inc. owned 3,797,934 shares of the company at the time of its most recent 13F filing, worth $35.47 million.

According to FactSet, SiriusPoint Ltd.’s share price will average $13.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.54 percent from its previous closing price of $11.06. Analysts expect SiriusPoint Ltd. stock to reach the higher price of $13.00, while the lowest price estimate is $13.00. However, 1 analyst have rated SPNT stock as a Hold in their predictions for 2023.