Edgestream Partners L.P. Has $2.69 Million Stock Position in SiriusPoint Ltd. (NYSE:SPNT)

Edgestream Partners L.P. lowered its stake in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 27.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 155,300 shares of the company's stock after selling 58,428 shares during the period. Edgestream Partners L.P. owned approximately 0.10% of SiriusPoint worth $2,685,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mariner LLC grew its stake in SiriusPoint by 6.3% in the 4th quarter. Mariner LLC now owns 20,792 shares of the company's stock valued at $341,000 after buying an additional 1,230 shares during the last quarter. Bank of Montreal Can grew its stake in SiriusPoint by 8.4% in the 4th quarter. Bank of Montreal Can now owns 18,013 shares of the company's stock valued at $295,000 after buying an additional 1,393 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, Sterling Capital Management LLC grew its position in shares of SiriusPoint by 742.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,714 shares of the company's stock worth $44,000 after purchasing an additional 2,392 shares in the last quarter. Institutional investors and hedge funds own 52.79% of the company's stock.

Analyst Ratings Changes

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

SiriusPoint Stock Performance

Shares of SiriusPoint stock opened at $18.72 on Thursday. The company has a 50 day moving average of $19.40 and a 200-day moving average of $16.84. SiriusPoint Ltd. has a 1-year low of $12.78 and a 1-year high of $21.03. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.18 billion, a PE ratio of 19.50 and a beta of 0.86.

SiriusPoint (NYSE:SPNT - Get Free Report) last issued 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 net margin of 6.30% and a return on equity of 7.78%. The company had revenue of $727.30 million during the quarter, compared to the consensus estimate of $688.00 million.

Insider Buying and Selling at SiriusPoint

In other news, Director La Gueronniere Rafe De sold 30,000 shares of the company'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 owned 127,578 shares of the company's stock, valued at approximately $2,494,149.90. This represents a 19.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.

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