How to Buy Siriuspoint Stock
Siriuspoint Ltd
Siriuspoint is a reinsurance insurance company located in Bermuda, which is part of the Financial Services sector, and is traded under the ticker SPNT on the NYSE exchange.
Siriuspoint stock last closed at $12.08, up 1.6% from the previous day, and has increased 35.88% in one year. It has overperformed other stocks in the Insurance - Reinsurance industry by 0.26 percentage points. Siriuspoint stock is currently +43.98% from its 52-week low of $8.39, and -7.29% from its 52-week high of $13.03.
As of Apr 26, 2024, there are 169.8M shares of SPNT outstanding. The market cap of SPNT is $2.05B. In the last 24 hours, 638,341 SPNT shares were traded.
How to Buy Siriuspoint Stock
Not sure how to invest in Siriuspoint stock? Here's how.
- Choose where to buy Siriuspoint stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Siriuspoint stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your method of payment and add your information.
- Evaluate Siriuspoint stock: The Siriuspoint ticker symbol is SPNT. Is Siriuspoint stock a good investment? Should you buy shares of SPNT? How do SPNT's underlying business fundamentals look? Do top analysts think Siriuspoint is a good buy? Why has SPNT's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if SPNT is a good stock to buy).
- Make your SPNT trade: Decide if you will purchase SPNT shares at the current market price or use a limit order to buy SPNT shares at a particular price.
- Get the latest scoop on your investment in SPNT: Create a watchlist to important updates regarding your new investment in Siriuspoint stock.
Step 1: Choose where to buy Siriuspoint stock
You will need a brokerage account to access the NYSE market and buy SPNT shares.
Our favorite brokerage: eToro
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Get $10 towards your purchase of stock by opening an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal details so you can invest in SPNT today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start your new trading account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on our top ranked stock market app, you need to deposit funds:
Check out this video walkthrough to see the process of depositing money into your investment account.
Step 4: Evaluate Siriuspoint stock
Once you have selected the best place to buy Siriuspoint stock, it's crucial to evaluate their stock prior to buying, so you can wrap your head around the risk as well as the opportunity.
Siriuspoint Numbers
Fundamentals of Siriuspoint
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on SPNT's stock page.
What is the fair value of SPNT stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SPNT's intrinsic value.
Using relative valuations measures:
- SPNT could be undervalued based on its P/E ratio of 6.26x, relative to Insurance - Reinsurance industry P/E ratio of 7.24x
- SPNT could be undervalued based on its P/B ratio of 0.82x, relative to Insurance - Reinsurance industry P/B ratio of 1.16x
You can do additional valuation analysis on SPNT's stock here.
SPNT Financial Health Overview
Positive Health Checks:
- SPNT profit margin has gone up from -19.1% to 12.4% in the past year.
- SPNT's operating cash flow of $581.30M allows it to safely service it's debt of $786.20M.
- SPNT earnings of $373.90M is not sufficient to cover its interest payments.
Negative Health Checks:
- Total SPNT debt is higher than 5 years ago, relative to shareholder equity.
- SPNT has a relatively high debt to equity ratio of 4.11.
Metrics for Advanced SPNT Traders
SPNT Growth Metrics
Last year, SPNT earnings were $338.80M. During the past four year, SPNT's earnings have increased by -3% per year. This was slower than the Insurance - Reinsurance industry average of 44.78%.
Last year, SPNT revenue was $2.74B. Over the past 5 year, SPNT's revenue has increased by 49.22% per year. This was faster than the Insurance - Reinsurance industry average of 33.33%.
Find out more about SPNT's earnings and revenue performance here.
Who is buying/selling SPNT?
Over the past year, insiders at SPNT have sold more shares than they have bought.
Anthony L. Lehan, Chief Accounting Officer of SPNT, was the latest SPNT insider to sell. They sold $26,343.60 worth of SPNT stock on Jan 1, 2024.
Research more about who owns SPNT stock here.
Can I rely on SPNT as an income stream?
No, Siriuspoint doesn't provide an income stream by paying out dividends.
What do other traders have to say about SPNT?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your SPNT trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, use a limit order.
Click the Open Trade button and your broker will execute the order.
If you require more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your investment in SPNT
Now that you own some SPNT shares, you'll want to stay up-to-date on your shares.
Create a watchlist to get the latest updates about your SPNT stock.
SPNT Feed
How to Buy Stock in Siriuspoint
To summarize, here are the 6 steps you need to take to buy Siriuspoint stock right now:
- Choose where to buy Siriuspoint stock
- Open a brokerage account
- Fund your brokerage account
- Evaluate Siriuspoint stock
- Make your SPNT trade
- Get the latest scoop on your investment in SPNT
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Siriuspoint, hit the button below to create your watchlist.
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