Deutsche Bank AG Boosts Stake in SiriusPoint Ltd. (NYSE:SPNT)

Deutsche Bank AG increased its holdings in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 79.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,819 shares of the company's stock after buying an additional 40,283 shares during the period. Deutsche Bank AG owned about 0.06% of SiriusPoint worth $1,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of SPNT. R Squared Ltd purchased a new position in shares of SiriusPoint in the 4th quarter valued at $35,000. Sterling Capital Management LLC boosted its position in SiriusPoint by 742.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,714 shares of the company's stock valued at $44,000 after purchasing an additional 2,392 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in SiriusPoint by 122.1% in 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 during the last quarter. Farther Finance Advisors LLC raised its holdings in SiriusPoint by 14,087.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company's stock worth $53,000 after purchasing an additional 3,240 shares in the last quarter. Finally, KBC Group NV raised its holdings in SiriusPoint by 80.1% in the fourth quarter. KBC Group NV now owns 5,935 shares of the company's stock worth $97,000 after purchasing an additional 2,640 shares in the last quarter. Institutional investors own 52.79% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of SiriusPoint from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. DOWLING & PARTN raised shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, 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 target on the stock.

SiriusPoint Stock Up 0.7%

SiriusPoint stock traded up $0.13 during midday trading on Thursday, reaching $19.65. The company's stock had a trading volume of 468,578 shares, compared to its average volume of 620,139. The stock's 50-day simple moving average is $17.62 and its 200-day simple moving average is $15.83. The stock has a market capitalization of $2.29 billion, a P/E ratio of 20.47 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 Ltd. has a 52-week low of $11.92 and a 52-week high of $19.87.

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

Insider Buying and Selling at SiriusPoint

In related news, Director La Gueronniere Rafe De sold 30,000 shares of SiriusPoint stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $19.55, for a total value of $586,500.00. Following the completion of the transaction, the director now owns 127,578 shares in the company, valued at $2,494,149.90. The trade was a 19.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.70% of the company's stock.

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.