Deutsche Bank AG grew its stake in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 79.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,819 shares of the company's stock after buying an additional 40,283 shares during the quarter. Deutsche Bank AG owned 0.06% of SiriusPoint worth $1,489,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC boosted its holdings in SiriusPoint by 172.7% during the third quarter. Barclays PLC now owns 210,545 shares of the company's stock worth $3,018,000 after purchasing an additional 133,331 shares during the last quarter. Northern Trust Corp boosted its holdings in SiriusPoint by 9.1% during the fourth quarter. Northern Trust Corp now owns 1,059,021 shares of the company's stock worth $17,357,000 after purchasing an additional 88,296 shares during 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. Proficio Capital Partners LLC acquired a new position in SiriusPoint during the fourth quarter worth $246,000. Finally, KLP Kapitalforvaltning AS acquired a new position in SiriusPoint during the fourth quarter worth $377,000. Institutional investors and hedge funds own 52.79% of the company's stock.
Analysts Set New Price Targets
SPNT has been the subject of several recent research reports. DOWLING & PARTN upgraded shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Jefferies Financial Group assumed coverage on shares of SiriusPoint in a research report on Tuesday, April 15th. They set a "hold" rating and a $17.00 price target on the stock. Finally, Wall Street Zen raised shares of SiriusPoint from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th.
Get Our Latest Research Report on SPNT
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 value of $586,500.00. Following the transaction, the director now directly owns 127,578 shares of the company's stock, valued at $2,494,149.90. This represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.70% of the company's stock.
SiriusPoint Stock Performance
Shares of NYSE SPNT traded up $0.13 during midday trading on Thursday, hitting $19.65. 37,513 shares of the company's stock were exchanged, compared to its average volume of 700,256. The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 0.37. SiriusPoint Ltd. has a 12 month low of $11.92 and a 12 month high of $19.87. The company's 50 day moving average price is $17.55 and its 200 day moving average price is $15.80. The firm has a market capitalization of $2.29 billion, a PE ratio of 20.46 and a beta of 0.81.
SiriusPoint (NYSE:SPNT - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.26 by $0.23. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%. The company had revenue of $727.30 million during the quarter, compared to the consensus estimate of $688.00 million.
About SiriusPoint
(
Free Report)
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.
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