SiriusPoint Ltd. (NYSE:SPNT) Stock Position Lowered by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 96.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,043 shares of the company's stock after selling 80,001 shares during the period. Russell Investments Group Ltd.'s holdings in SiriusPoint were worth $50,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of SiriusPoint by 122.1% during 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 in the last quarter. Flagship Harbor Advisors LLC boosted its position in SiriusPoint by 8.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 24,971 shares of the company's stock valued at $409,000 after purchasing an additional 1,945 shares in the last quarter. R Squared Ltd bought a new position in SiriusPoint in the fourth quarter worth about $35,000. KBC Group NV boosted its holdings in shares of 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 buying an additional 2,640 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of 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 buying an additional 3,240 shares during the last quarter. 52.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at SiriusPoint

In related news, Director Daniel S. Loeb sold 4,106,631 shares of the company'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 sale, the director now owns 9,428,008 shares of the company's stock, valued at $129,257,989.68. This represents a 30.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 11.70% of the company's stock.

SiriusPoint Price Performance

SiriusPoint stock traded down $0.04 during mid-day trading on Thursday, reaching $16.77. The company had a trading volume of 63,362 shares, compared to its average volume of 599,726. The stock's 50-day simple moving average is $15.87 and its 200-day simple moving average is $15.03. SiriusPoint Ltd. has a 1 year low of $11.54 and a 1 year high of $17.99. 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 $2.72 billion, a P/E ratio of 17.50 and a beta of 0.72.

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

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.