Capital Research Global Investors Purchases 950,000 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Capital Research Global Investors lifted its stake in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,300,000 shares of the company's stock after purchasing an additional 950,000 shares during the period. Capital Research Global Investors owned 3.89% of SiriusPoint worth $103,257,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of SiriusPoint by 172.7% in the third quarter. Barclays PLC now owns 210,545 shares of the company's stock valued at $3,018,000 after purchasing an additional 133,331 shares during the last quarter. Principal Financial Group Inc. lifted its stake in SiriusPoint by 1.4% in the 3rd 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 during the last quarter. Geode Capital Management LLC increased its holdings in shares of SiriusPoint by 5.3% during the third quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company's stock worth $32,769,000 after buying an additional 115,868 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of SiriusPoint by 122.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company's stock valued at $53,000 after acquiring an additional 1,779 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in SiriusPoint in the 4th quarter worth about $246,000. Institutional investors and hedge funds own 52.79% of the company's stock.

SiriusPoint Stock Down 0.3 %

Shares of SPNT stock traded down $0.05 on Friday, hitting $16.55. The stock had a trading volume of 440,646 shares, compared to its average volume of 599,540. SiriusPoint Ltd. has a 12-month low of $11.54 and a 12-month high of $17.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.57 and a quick ratio of 0.56. The business has a 50 day moving average of $15.70 and a 200 day moving average of $14.96. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 17.24 and a beta of 0.72.

SiriusPoint (NYSE:SPNT - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.49). The firm had revenue of $612.80 million during the quarter. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%.

Insider Activity

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 transaction, the director now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group started coverage on shares of SiriusPoint in a report on Tuesday, April 15th. They issued a "hold" rating and a $17.00 price objective for the company. DOWLING & PARTN upgraded shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

SiriusPoint 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.