Ameriprise Financial Inc. Has $4.35 Million Holdings in SiriusPoint Ltd. (NYSE:SPNT)

Ameriprise Financial Inc. cut its position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 265,450 shares of the company's stock after selling 28,653 shares during the quarter. Ameriprise Financial Inc. owned 0.16% of SiriusPoint worth $4,351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mariner LLC boosted its position in SiriusPoint by 6.3% during the 4th quarter. Mariner LLC now owns 20,792 shares of the company's stock worth $341,000 after acquiring an additional 1,230 shares during the last quarter. Bank of Montreal Can lifted its position in shares of SiriusPoint by 8.4% in the fourth quarter. Bank of Montreal Can now owns 18,013 shares of the company's stock worth $295,000 after purchasing an additional 1,393 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in SiriusPoint by 122.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company's stock worth $53,000 after purchasing an additional 1,779 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in SiriusPoint by 8.4% in the fourth quarter. Flagship Harbor Advisors LLC now owns 24,971 shares of the company's stock valued at $409,000 after purchasing an additional 1,945 shares in the last quarter. Finally, R Squared Ltd bought a new position in SiriusPoint in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 52.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SPNT shares. DOWLING & PARTN upgraded shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Jefferies Financial Group started coverage on SiriusPoint in a research note on Tuesday, April 15th. They issued a "hold" rating and a $17.00 price target for the company. Finally, Wall Street Zen raised SiriusPoint from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th.

SiriusPoint Stock Performance

SPNT stock traded up $0.02 during trading hours on Friday, reaching $19.67. The stock had a trading volume of 27,626 shares, compared to its average volume of 617,793. The stock has a 50-day simple moving average of $17.62 and a 200 day simple moving average of $15.83. SiriusPoint Ltd. has a fifty-two week low of $11.92 and a fifty-two week high of $19.87. The stock has a market capitalization of $2.29 billion, a PE ratio of 20.49 and a beta of 0.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.57 and a quick ratio of 0.56.

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

Insider Activity at SiriusPoint

In other SiriusPoint news, Director La Gueronniere Rafe De sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $19.55, for a total transaction of $586,500.00. Following the completion of the sale, the director now directly owns 127,578 shares in the company, valued at $2,494,149.90. This trade represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.70% of the stock is owned by company insiders.

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.