Boothbay Fund Management LLC purchased a new position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 129,062 shares of the company's stock, valued at approximately $2,115,000. Boothbay Fund Management LLC owned approximately 0.08% of SiriusPoint at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its holdings in SiriusPoint by 172.7% during the 3rd quarter. Barclays PLC now owns 210,545 shares of the company's stock worth $3,018,000 after acquiring an additional 133,331 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of SiriusPoint by 1.4% during the third quarter. Principal Financial Group Inc. now owns 516,241 shares of the company's stock valued at $7,403,000 after purchasing an additional 7,320 shares in the last quarter. Hennessy Advisors Inc. increased its holdings in SiriusPoint by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 784,105 shares of the company's stock valued at $12,851,000 after buying an additional 50,000 shares during the period. SG Americas Securities LLC purchased a new position in SiriusPoint during the fourth quarter valued at approximately $185,000. Finally, Exchange Traded Concepts LLC raised its stake in SiriusPoint by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 123,912 shares of the company's stock worth $2,031,000 after buying an additional 5,075 shares in the last quarter. Hedge funds and other institutional investors own 52.79% of the company's stock.
Analyst Upgrades and Downgrades
SPNT has been the topic of a number of analyst reports. Jefferies Financial Group assumed coverage on SiriusPoint in a report on Tuesday, April 15th. They issued a "hold" rating and a $17.00 price target on the stock. DOWLING & PARTN upgraded SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.
View Our Latest Research Report on SiriusPoint
Insiders Place Their Bets
In other news, Director Daniel S. Loeb sold 4,106,631 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $13.71, for a total transaction of $56,301,911.01. Following the transaction, the director now owns 9,428,008 shares in the company, valued at $129,257,989.68. This represents a 30.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 11.70% of the company's stock.
SiriusPoint Stock Up 5.8 %
NYSE:SPNT traded up $0.98 during midday trading on Friday, reaching $17.92. 686,123 shares of the stock traded hands, compared to its average volume of 601,868. The business has a 50-day moving average of $15.99 and a two-hundred day moving average of $15.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.56 and a current ratio of 0.57. SiriusPoint Ltd. has a 12-month low of $11.92 and a 12-month high of $18.00. The stock has a market capitalization of $2.91 billion, a PE ratio of 18.67 and a beta of 0.72.
SiriusPoint (NYSE:SPNT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.49). SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%. The business had revenue of $612.80 million for the quarter.
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.
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