Rhumbline Advisers trimmed its position in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 257,883 shares of the company's stock after selling 17,668 shares during the period. Rhumbline Advisers owned 0.16% of SiriusPoint worth $4,459,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC increased 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 worth $44,000 after buying an additional 2,392 shares in the last quarter. Farther Finance Advisors LLC boosted 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 worth $53,000 after purchasing an additional 3,240 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of SiriusPoint by 122.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company's stock worth $53,000 after buying an additional 1,779 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings 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 acquiring an additional 2,115 shares during the last quarter. Finally, Quantessence Capital LLC purchased a new stake in shares of SiriusPoint during the 4th quarter worth approximately $183,000. Institutional investors own 52.79% of the company's stock.
SiriusPoint Trading Down 1.3%
NYSE:SPNT opened at $19.36 on Friday. The firm has a fifty day simple moving average of $18.20 and a 200-day simple moving average of $16.16. 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 company has a market capitalization of $2.26 billion, a P/E ratio of 20.17 and a beta of 0.86. SiriusPoint Ltd. has a 12 month low of $11.92 and a 12 month high of $19.87.
SiriusPoint (NYSE:SPNT - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.23. The firm 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%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on SPNT. DOWLING & PARTN raised SiriusPoint from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Wall Street Zen raised SiriusPoint from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Finally, Jefferies Financial Group assumed coverage on SiriusPoint in a report on Tuesday, April 15th. They issued a "hold" rating and a $17.00 price target on the stock.
View Our Latest Report on SPNT
Insider Activity at SiriusPoint
In related news, Director La Gueronniere Rafe De sold 30,000 shares of SiriusPoint 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 owns 127,578 shares in the company, valued at approximately $2,494,149.90. This trade represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 11.70% of the stock is owned by corporate insiders.
SiriusPoint Company Profile
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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
Want to see what other hedge funds are holding SPNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiriusPoint Ltd. (NYSE:SPNT - Free Report).
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