Dimensional Fund Advisors LP Purchases 252,120 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Dimensional Fund Advisors LP increased its holdings in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 3.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,568,197 shares of the company's stock after buying an additional 252,120 shares during the period. Dimensional Fund Advisors LP owned 4.67% of SiriusPoint worth $124,018,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of SiriusPoint by 172.7% in the 3rd quarter. Barclays PLC now owns 210,545 shares of the company's stock worth $3,018,000 after buying an additional 133,331 shares during the last quarter. Principal Financial Group Inc. increased its stake in SiriusPoint by 1.4% in the third quarter. Principal Financial Group Inc. now owns 516,241 shares of the company's stock valued at $7,403,000 after acquiring an additional 7,320 shares during the last quarter. Smartleaf Asset Management LLC raised its position in SiriusPoint by 122.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company's stock valued at $53,000 after purchasing an additional 1,779 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in SiriusPoint during the fourth quarter worth about $246,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of SiriusPoint in the 4th quarter worth about $377,000. Institutional investors own 52.79% of the company's stock.

SiriusPoint Trading Up 3.8 %

Shares of NYSE:SPNT traded up $0.65 on Friday, reaching $17.59. 120,647 shares of the company traded hands, compared to its average volume of 690,981. SiriusPoint Ltd. has a 52 week low of $11.89 and a 52 week high of $17.99. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 0.37. The business's 50-day simple moving average is $15.92 and its 200 day simple moving average is $15.05. The stock has a market capitalization of $2.85 billion, a P/E ratio of 18.33 and a beta of 0.72.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on SPNT shares. Jefferies Financial Group began coverage on SiriusPoint in a report on Tuesday, April 15th. They set a "hold" rating and a $17.00 price objective on the stock. DOWLING & PARTN raised shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

Insider Activity at SiriusPoint

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $13.71, for a total value of $56,301,911.01. Following the sale, the director now owns 9,428,008 shares of the company's stock, valued at $129,257,989.68. This trade represents a 30.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.70% of the stock is currently owned by company 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.