SiriusPoint Ltd. (NYSE:SPNT) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury decreased its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 36.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,274 shares of the company's stock after selling 17,649 shares during the period. State of Tennessee Department of Treasury's holdings in SiriusPoint were worth $496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPNT. Tower Research Capital LLC TRC increased its position in shares of SiriusPoint by 25.0% during the fourth 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 in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in SiriusPoint by 19.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 31,027 shares of the company's stock valued at $509,000 after buying an additional 5,000 shares during the last quarter. MetLife Investment Management LLC boosted its position in SiriusPoint by 4.9% during the 4th quarter. MetLife Investment Management LLC now owns 59,738 shares of the company's stock worth $979,000 after purchasing an additional 2,783 shares during the period. Capital Research Global Investors boosted its position in SiriusPoint by 17.8% during the 4th quarter. Capital Research Global Investors now owns 6,300,000 shares of the company's stock worth $103,257,000 after acquiring an additional 950,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in SiriusPoint by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,568,197 shares of the company's stock valued at $124,018,000 after purchasing an additional 252,120 shares during the last quarter. Institutional investors own 52.79% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on SPNT shares. DOWLING & PARTN raised shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Jefferies Financial Group initiated coverage on SiriusPoint in a report on Tuesday, April 15th. They issued a "hold" rating and a $17.00 price target on the stock.

SiriusPoint Trading Down 0.6 %

SPNT traded down $0.12 during trading on Friday, reaching $19.18. The company had a trading volume of 125,350 shares, compared to its average volume of 606,302. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.56 and a current ratio of 0.57. SiriusPoint Ltd. has a 12-month low of $11.92 and a 12-month high of $19.74. The firm's 50-day simple moving average is $16.30 and its 200 day simple moving average is $15.23. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 19.98 and a beta of 0.81.

SiriusPoint (NYSE:SPNT - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.23. The business 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%.

Insider Activity

In other news, Director Daniel S. Loeb sold 4,106,631 shares of the company'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 value of $56,301,911.01. Following the completion of the sale, the director now directly owns 9,428,008 shares of the company's stock, valued at approximately $129,257,989.68. This represents a 30.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.70% of the company's stock.

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.