Boothbay Fund Management LLC Acquires Shares of 129,062 SiriusPoint Ltd. (NYSE:SPNT)

Boothbay Fund Management LLC purchased a new stake in SiriusPoint Ltd. (NYSE:SPNT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. 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.

Other large investors also recently modified their holdings of the company. Capital Research Global Investors raised its holdings in SiriusPoint by 17.8% during the fourth quarter. Capital Research Global Investors now owns 6,300,000 shares of the company's stock worth $103,257,000 after purchasing an additional 950,000 shares in the last quarter. Donald Smith & CO. Inc. raised its stake in shares of SiriusPoint by 12.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 7,887,887 shares of the company's stock valued at $129,282,000 after acquiring an additional 900,209 shares in the last quarter. Wellington Management Group LLP grew its holdings in SiriusPoint by 8.5% in the 4th quarter. Wellington Management Group LLP now owns 10,694,214 shares of the company's stock valued at $175,278,000 after buying an additional 838,262 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of SiriusPoint by 12.8% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,643,704 shares of the company's stock worth $43,330,000 after purchasing an additional 299,114 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in SiriusPoint by 481.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 317,560 shares of the company's stock valued at $5,206,000 after acquiring an additional 262,981 shares during the period. 52.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SPNT. Jefferies Financial Group assumed coverage on shares of SiriusPoint in a research report on Tuesday, April 15th. They set a "hold" rating and a $17.00 target price for the company. DOWLING & PARTN raised shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

SiriusPoint Stock Down 1.3 %

Shares of NYSE SPNT traded down $0.22 during midday trading on Wednesday, reaching $16.80. The company's stock had a trading volume of 795,846 shares, compared to its average volume of 601,805. SiriusPoint Ltd. has a fifty-two week low of $11.54 and a fifty-two week high of $17.99. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 17.50 and a beta of 0.72. The stock has a 50 day simple moving average of $15.87 and a 200-day simple moving average of $15.03. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 0.37.

SiriusPoint (NYSE:SPNT - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported ($0.13) earnings per share (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 firm had revenue of $612.80 million during the quarter.

Insider Activity at SiriusPoint

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of the business's stock in a transaction on 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 sale, the director now owns 9,428,008 shares of the company's stock, valued at approximately $129,257,989.68. The trade was a 30.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.70% of the stock is currently owned by insiders.

SiriusPoint Company Profile

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.