SiriusPoint Ltd. $SPNT Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 307.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,218 shares of the company's stock after purchasing an additional 96,715 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of SiriusPoint worth $2,614,000 at the end of the most recent quarter.Other hedge funds and other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new stake in SiriusPoint during the 1st quarter worth about $266,000. Victory Capital Management Inc. lifted its stake in SiriusPoint by 4,246.7% during the first quarter. Victory Capital Management Inc. now owns 2,741,280 shares of the company's stock worth $47,397,000 after purchasing an additional 2,678,214 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in SiriusPoint by 10.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 34,127 shares of the company's stock worth $590,000 after purchasing an additional 3,100 shares during the last quarter. Private Management Group Inc. boosted its holdings in SiriusPoint by 0.5% in the first quarter. Private Management Group Inc. now owns 4,388,596 shares of the company's stock valued at $75,879,000 after purchasing an additional 20,573 shares in the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new position in SiriusPoint in the first quarter valued at approximately $7,582,000. 52.79% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast GrowthSeveral analysts have recently weighed in on the stock. B. Riley assumed coverage on shares of SiriusPoint in a research report on Monday, July 21st. They set a "buy" rating and a $33.00 price objective for the company. Wall Street Zen raised shares of SiriusPoint from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of SiriusPoint in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $25.00.Get Our Latest Stock Report on SiriusPointSiriusPoint Trading Up 1.0%NYSE SPNT opened at $20.27 on Friday. The firm's fifty day moving average is $18.54 and its two-hundred day moving average is $18.90. SiriusPoint Ltd. has a one year low of $13.26 and a one year high of $21.03. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $2.37 billion, a PE ratio of 12.75 and a beta of 0.81. SiriusPoint (NYSE:SPNT - Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.21. SiriusPoint had a net margin of 6.97% and a return on equity of 11.31%. The business had revenue of $874.40 million during the quarter, compared to the consensus estimate of $738.35 million. SiriusPoint Company Profile (Free Report)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 aviation and space, accident and health, casualty, credit, marine and energy, property to insurance and reinsurance companies, government entities, and other risk bearing vehicles.See AlsoFive stocks we like better than SiriusPointTrading Halts ExplainedMeta’s Pain May Be Your Gain: Is This a Rare Buying Window?Dividend Capture Strategy: What You Need to Know3 Under-the-Radar AI Stocks to Buy on the DipHow to Short Nasdaq: An Easy-to-Follow GuideYour Thanksgiving Playbook: 3 Stocks Set to Benefit From Football FeverThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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