Janus Henderson Group PLC grew its holdings in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 116.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,026 shares of the company's stock after buying an additional 66,704 shares during the period. Janus Henderson Group PLC owned approximately 0.08% of SiriusPoint worth $2,033,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Deutsche Bank AG lifted its holdings in shares of SiriusPoint by 79.7% in the 4th quarter. Deutsche Bank AG now owns 90,819 shares of the company's stock worth $1,489,000 after acquiring an additional 40,283 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in SiriusPoint by 0.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,413,385 shares of the company's stock valued at $23,165,000 after buying an additional 10,558 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in SiriusPoint during the 4th quarter valued at about $742,000. BNP Paribas Financial Markets bought a new stake in SiriusPoint during the 4th quarter valued at about $204,000. Finally, Jane Street Group LLC lifted its holdings in SiriusPoint by 42.7% during the 4th quarter. Jane Street Group LLC now owns 61,976 shares of the company's stock valued at $1,016,000 after buying an additional 18,531 shares in the last quarter. 52.79% of the stock is owned by hedge funds and other institutional investors.
SiriusPoint Stock Up 3.1%
Shares of NYSE:SPNT traded up $0.60 during trading hours on Tuesday, hitting $19.78. The company's stock had a trading volume of 543,865 shares, compared to its average volume of 621,344. SiriusPoint Ltd. has a 52 week low of $11.92 and a 52 week 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 company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 20.60 and a beta of 0.81. The firm's fifty day moving average price is $17.48 and its 200 day moving average price is $15.77.
SiriusPoint (NYSE:SPNT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.26 by $0.23. SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%. The business had revenue of $727.30 million during the quarter, compared to analyst estimates of $688.00 million.
Insider Transactions at SiriusPoint
In other news, Director La Gueronniere Rafe De sold 30,000 shares of SiriusPoint stock in a transaction that occurred 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 now owns 127,578 shares of the company's stock, valued at $2,494,149.90. The trade was a 19.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel S. Loeb sold 4,106,631 shares of SiriusPoint stock in a transaction that occurred on Thursday, February 27th. The stock was 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 in the company, valued at approximately $129,257,989.68. The trade was a 30.34% decrease in their position. The disclosure for this sale can be found here. Insiders own 11.70% of the company's stock.
Analyst Ratings Changes
SPNT has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of SiriusPoint from a "buy" rating to a "strong-buy" rating in a report on Saturday. DOWLING & PARTN upgraded shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Jefferies Financial Group started coverage on shares of SiriusPoint in a report on Tuesday, April 15th. They issued a "hold" rating and a $17.00 price target for the company.
View Our Latest Analysis on SPNT
SiriusPoint Company Profile
(
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.
See Also
Before you consider SiriusPoint, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SiriusPoint wasn't on the list.
While SiriusPoint currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
