SiriusPoint Ltd. (NYSE:SPNT) Holdings Cut by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its holdings in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 265,450 shares of the company's stock after selling 28,653 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.16% of SiriusPoint worth $4,351,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SPNT. Capital Research Global Investors increased its holdings in SiriusPoint by 17.8% in the fourth quarter. Capital Research Global Investors now owns 6,300,000 shares of the company's stock valued at $103,257,000 after buying an additional 950,000 shares during the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of SiriusPoint by 12.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 7,887,887 shares of the company's stock worth $129,282,000 after purchasing an additional 900,209 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of SiriusPoint by 8.5% during the fourth quarter. Wellington Management Group LLP now owns 10,694,214 shares of the company's stock worth $175,278,000 after purchasing 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 fourth 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of SiriusPoint by 481.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 317,560 shares of the company's stock worth $5,206,000 after purchasing an additional 262,981 shares during the last quarter. Hedge funds and other institutional investors own 52.79% of the company's stock.

SiriusPoint Trading Up 1.1%

SPNT traded up $0.21 during trading on Thursday, hitting $19.73. The company's stock had a trading volume of 194,942 shares, compared to its average volume of 618,889. The firm's 50 day moving average price is $17.55 and its 200-day moving average price is $15.80. 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 stock has a market cap of $2.30 billion, a PE ratio of 20.56 and a beta of 0.81. SiriusPoint Ltd. has a twelve month low of $11.92 and a twelve month high of $19.87.

SiriusPoint (NYSE:SPNT - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.23. The business had revenue of $727.30 million during the quarter, compared to the consensus estimate of $688.00 million. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%.

Insider Activity

In other news, Director La Gueronniere Rafe De sold 30,000 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $19.55, for a total transaction of $586,500.00. Following the transaction, the director now owns 127,578 shares of the company's stock, valued at approximately $2,494,149.90. This trade represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 11.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SPNT. Jefferies Financial Group began coverage on SiriusPoint in a report on Tuesday, April 15th. They set a "hold" rating and a $17.00 price target on the stock. Wall Street Zen raised SiriusPoint from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Finally, DOWLING & PARTN raised SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

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.