State of Tennessee Department of Treasury trimmed its holdings in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 36.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of SiriusPoint by 172.7% during 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 in the last quarter. Smartleaf Asset Management LLC increased its position in SiriusPoint by 122.1% during 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. Proficio Capital Partners LLC purchased a new stake in shares of SiriusPoint in the fourth quarter valued at $246,000. KLP Kapitalforvaltning AS acquired a new stake in shares of SiriusPoint during the fourth quarter valued at $377,000. Finally, Capital Research Global Investors increased 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 purchasing an additional 950,000 shares in the last quarter. 52.79% of the stock is currently owned by hedge funds and other institutional investors.
SiriusPoint Stock Up 5.8 %
Shares of NYSE:SPNT opened at $17.92 on Friday. 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 firm has a market cap of $2.91 billion, a price-to-earnings ratio of 18.67 and a beta of 0.72. The stock's 50-day moving average price is $15.99 and its two-hundred day moving average price is $15.09. SiriusPoint Ltd. has a 12-month low of $11.92 and a 12-month high of $18.00.
SiriusPoint (NYSE:SPNT - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter.
Insider Activity
In other news, Director Daniel S. Loeb sold 4,106,631 shares of the business's stock in a transaction dated 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 sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.70% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. Jefferies Financial Group started coverage on shares of SiriusPoint in a research note on Tuesday, April 15th. They set a "hold" rating and a $17.00 price target on the stock. DOWLING & PARTN raised shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.
Read Our Latest Stock Analysis on SiriusPoint
SiriusPoint 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.
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