SiriusPoint Ltd. (NYSE:SPNT) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 116.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 124,026 shares of the company's stock after acquiring an additional 66,704 shares during the period. Janus Henderson Group PLC owned approximately 0.08% of SiriusPoint worth $2,033,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of SiriusPoint in the 4th quarter worth $35,000. Sterling Capital Management LLC boosted its holdings 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 purchasing an additional 2,392 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in SiriusPoint by 122.1% in the 4th 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 in the last quarter. Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 3,240 shares in the last quarter. Finally, KBC Group NV boosted its holdings in SiriusPoint by 80.1% in the 4th quarter. KBC Group NV now owns 5,935 shares of the company's stock valued at $97,000 after purchasing an additional 2,640 shares in the last quarter. Institutional investors and hedge funds own 52.79% of the company's stock.

Insiders Place Their Bets

In other news, Director Daniel S. Loeb sold 4,106,631 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $13.71, for a total transaction of $56,301,911.01. Following the completion of the transaction, the director now directly owns 9,428,008 shares of the company's stock, valued at $129,257,989.68. This trade represents a 30.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director La Gueronniere Rafe De sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $19.55, for a total transaction of $586,500.00. Following the transaction, the director now directly owns 127,578 shares of the company's stock, valued at approximately $2,494,149.90. This trade represents a 19.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SPNT has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on SiriusPoint in a report on Tuesday, April 15th. They set a "hold" rating and a $17.00 price objective on the stock. Wall Street Zen raised SiriusPoint from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, DOWLING & PARTN upgraded shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

SiriusPoint Price Performance

Shares of SPNT stock traded up $0.03 during midday trading on Friday, reaching $19.17. 489,325 shares of the company traded hands, compared to its average volume of 621,655. The firm's 50 day simple moving average is $17.33 and its two-hundred day simple moving average is $15.69. SiriusPoint Ltd. has a 1-year low of $11.92 and a 1-year high of $19.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.57 and a quick ratio of 0.56. The firm has a market cap of $2.24 billion, a PE ratio of 19.97 and a beta of 0.81.

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

SiriusPoint Company 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.