SiriusPoint Ltd. (NYSE:SPNT) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,656,792 shares of the company's stock after purchasing an additional 226,870 shares during the quarter. American Century Companies Inc. owned approximately 1.64% of SiriusPoint worth $43,545,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. R Squared Ltd bought a new position in SiriusPoint during the fourth quarter worth $35,000. Smartleaf Asset Management LLC lifted its position 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 buying an additional 1,779 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 valued at $53,000 after buying an additional 3,240 shares during the period. KBC Group NV grew its position in shares of SiriusPoint by 80.1% during 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 during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in SiriusPoint during the fourth quarter worth about $185,000. Institutional investors and hedge funds own 52.79% of the company's stock.

Insiders Place Their Bets

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of SiriusPoint 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 sale, the director now owns 9,428,008 shares of the company's stock, valued at $129,257,989.68. The trade was a 30.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.32% of the stock is owned by insiders.

SiriusPoint Stock Performance

SPNT traded up $0.57 during trading on Tuesday, reaching $17.86. 1,365,079 shares of the company were exchanged, compared to its average volume of 590,844. SiriusPoint Ltd. has a 52 week low of $11.49 and a 52 week high of $17.88. 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 50 day moving average of $14.93 and a 200 day moving average of $14.67. The stock has a market cap of $2.90 billion, a P/E ratio of 18.61 and a beta of 0.87.

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). SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%. The firm had revenue of $612.80 million for the quarter.

Analysts Set New Price Targets

Separately, DOWLING & PARTN upgraded SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

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.