SiriusPoint Ltd. (NYSE:SPNT) Shares Acquired by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC boosted its holdings in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 12.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,643,704 shares of the company's stock after purchasing an additional 299,114 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 1.63% of SiriusPoint worth $43,330,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of SiriusPoint by 172.7% in the 3rd quarter. Barclays PLC now owns 210,545 shares of the company's stock worth $3,018,000 after purchasing an additional 133,331 shares during the period. Principal Financial Group Inc. raised its stake in shares of SiriusPoint by 1.4% in the third quarter. Principal Financial Group Inc. now owns 516,241 shares of the company's stock valued at $7,403,000 after acquiring an additional 7,320 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of SiriusPoint by 122.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company's stock worth $53,000 after acquiring an additional 1,779 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of SiriusPoint during the 4th quarter worth about $246,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of SiriusPoint during the 4th quarter worth about $377,000. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Trading Up 0.9 %

Shares of NYSE SPNT traded up $0.15 during mid-day trading on Thursday, reaching $16.95. The company had a trading volume of 169,962 shares, compared to its average volume of 600,113. SiriusPoint Ltd. has a 52 week low of $11.54 and a 52 week high of $17.99. The business's 50-day moving average is $15.87 and its 200-day moving average is $15.03. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 17.63 and a beta of 0.72. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 0.37.

SiriusPoint (NYSE:SPNT - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.49). SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%. The company had revenue of $612.80 million for the quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SPNT shares. Jefferies Financial Group initiated coverage on shares of SiriusPoint in a research note on Tuesday, April 15th. They issued a "hold" rating and a $17.00 price objective for the company. DOWLING & PARTN upgraded SiriusPoint from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

Insider Buying and Selling at SiriusPoint

In other SiriusPoint news, 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 transaction of $56,301,911.01. Following the transaction, the director now owns 9,428,008 shares of the company's stock, valued at approximately $129,257,989.68. This trade represents a 30.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.70% of the stock is currently owned by corporate insiders.

About SiriusPoint

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.