27,670 Shares in SiriusPoint Ltd. (NYSE:SPNT) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,670 shares of the company's stock, valued at approximately $454,000.

Other hedge funds have also made changes to their positions in the company. Mariner LLC lifted its stake in SiriusPoint by 6.3% in the fourth quarter. Mariner LLC now owns 20,792 shares of the company's stock worth $341,000 after acquiring an additional 1,230 shares during the last quarter. Bank of Montreal Can raised its holdings in SiriusPoint by 8.4% during the fourth quarter. Bank of Montreal Can now owns 18,013 shares of the company's stock worth $295,000 after purchasing an additional 1,393 shares during the last quarter. Smartleaf Asset Management LLC grew its position 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 valued at $53,000 after purchasing an additional 1,779 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in SiriusPoint by 8.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 24,971 shares of the company's stock valued at $409,000 after buying an additional 1,945 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of SiriusPoint in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 52.79% of the company's stock.

SiriusPoint Stock Down 0.3 %

SPNT stock traded down $0.05 during midday trading on Friday, hitting $16.55. 440,646 shares of the company's stock were exchanged, compared to its average volume of 599,540. The firm has a 50 day moving average price of $15.70 and a 200-day moving average price of $14.96. SiriusPoint Ltd. has a 12-month low of $11.54 and a 12-month high of $17.99. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 17.24 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 quarterly earnings results on Tuesday, February 18th. The company reported ($0.13) earnings per share (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 during the quarter.

Insider Activity

In related news, Director Daniel S. Loeb sold 4,106,631 shares of the firm's stock in a transaction on 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 transaction, the director now directly owns 9,428,008 shares in the company, valued at $129,257,989.68. This trade represents a 30.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 10.32% of the company's stock.

Analysts Set New Price Targets

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

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.