Edgestream Partners L.P. Sells 58,428 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Edgestream Partners L.P. decreased its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,300 shares of the company's stock after selling 58,428 shares during the quarter. Edgestream Partners L.P. owned approximately 0.10% of SiriusPoint worth $2,685,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC grew its stake in SiriusPoint by 742.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,714 shares of the company's stock valued at $44,000 after buying an additional 2,392 shares during the last quarter. Farther Finance Advisors LLC grew its stake in SiriusPoint by 14,087.0% in the 4th quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company's stock valued at $53,000 after buying an additional 3,240 shares during the last quarter. GAMMA Investing LLC grew its stake in SiriusPoint by 91.0% in the 1st quarter. GAMMA Investing LLC now owns 4,379 shares of the company's stock valued at $76,000 after buying an additional 2,086 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in SiriusPoint by 25.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,568 shares of the company's stock valued at $173,000 after buying an additional 2,115 shares during the last quarter. Finally, Quantessence Capital LLC acquired a new stake in SiriusPoint in the 4th quarter worth $183,000. Institutional investors and hedge funds own 52.79% of the company's stock.

Insider Transactions at SiriusPoint

In other SiriusPoint news, Director La Gueronniere Rafe De sold 30,000 shares of the company's stock in a transaction on 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 directly owned 127,578 shares in the company, valued at $2,494,149.90. The trade was a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.70% of the company's stock.

SiriusPoint Stock Down 0.5%

SPNT traded down $0.10 during trading on Friday, reaching $18.98. The company had a trading volume of 546,231 shares, compared to its average volume of 608,138. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.60 and a quick ratio of 0.60. SiriusPoint Ltd. has a 12 month low of $12.78 and a 12 month high of $21.03. The business's fifty day moving average price is $19.39 and its 200 day moving average price is $16.89. The company has a market cap of $2.21 billion, a P/E ratio of 19.77 and a beta of 0.86.

SiriusPoint (NYSE:SPNT - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $688.00 million. SiriusPoint had a net margin of 6.30% and a return on equity of 7.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SPNT shares. Oppenheimer set a $25.00 price objective on shares of SiriusPoint and gave the stock an "outperform" rating in a report on Thursday, June 26th. Wall Street Zen downgraded shares of SiriusPoint from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. Finally, Jefferies Financial Group began coverage on shares of SiriusPoint in a report on Tuesday, April 15th. They set a "hold" rating and a $17.00 price target for the company.

About SiriusPoint

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.