Jane Street Group LLC grew its stake in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,976 shares of the company's stock after purchasing an additional 18,531 shares during the quarter. Jane Street Group LLC's holdings in SiriusPoint were worth $1,016,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Northern Trust Corp lifted its stake in shares of SiriusPoint by 9.1% in the 4th quarter. Northern Trust Corp now owns 1,059,021 shares of the company's stock valued at $17,357,000 after purchasing an additional 88,296 shares during the period. Boothbay Fund Management LLC acquired a new stake in SiriusPoint during the 4th quarter worth $2,115,000. Gilder Gagnon Howe & Co. LLC raised its stake in SiriusPoint by 12.8% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,643,704 shares of the company's stock worth $43,330,000 after buying an additional 299,114 shares during the period. Price T Rowe Associates Inc. MD raised its stake in SiriusPoint by 481.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 317,560 shares of the company's stock worth $5,206,000 after buying an additional 262,981 shares during the period. Finally, Quantessence Capital LLC acquired a new stake in SiriusPoint during the 4th quarter worth $183,000. Institutional investors and hedge funds own 52.79% of the company's stock.
Wall Street Analysts Forecast Growth
SPNT has been the topic of several research analyst reports. DOWLING & PARTN raised SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Jefferies Financial Group initiated coverage on SiriusPoint in a research note on Tuesday, April 15th. They set a "hold" rating and a $17.00 price objective on the stock.
Read Our Latest Stock Analysis on SiriusPoint
SiriusPoint Stock Performance
Shares of SiriusPoint stock opened at $19.16 on Friday. The company has a market capitalization of $2.23 billion, a PE ratio of 19.96 and a beta of 0.81. SiriusPoint Ltd. has a 12 month low of $11.92 and a 12 month high of $19.87. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 0.37. The stock's fifty day simple moving average is $17.25 and its 200 day simple moving average is $15.64.
SiriusPoint (NYSE:SPNT - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.26 by $0.23. The business had revenue of $727.30 million for the quarter, compared to the consensus estimate 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 other SiriusPoint 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 sale, the director now owns 127,578 shares of the company's stock, valued at $2,494,149.90. This trade represents a 19.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel S. Loeb sold 4,106,631 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $13.71, for a total value of $56,301,911.01. Following the completion of the transaction, the director now owns 9,428,008 shares of the company's stock, valued at $129,257,989.68. The trade was a 30.34% decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.70% of the company's stock.
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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