Charles Schwab Investment Management Inc. Has $14.12 Million Position in SiriusPoint Ltd. (NYSE:SPNT)

Charles Schwab Investment Management Inc. trimmed its position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 861,338 shares of the company's stock after selling 22,411 shares during the period. Charles Schwab Investment Management Inc. owned 0.53% of SiriusPoint worth $14,117,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new position in SiriusPoint during the fourth quarter valued at $35,000. Smartleaf Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 1,779 shares during the period. KBC Group NV grew its position in SiriusPoint by 80.1% during the fourth quarter. KBC Group NV now owns 5,935 shares of the company's stock valued at $97,000 after purchasing an additional 2,640 shares in the last quarter. SG Americas Securities LLC acquired a new position in SiriusPoint in the 4th quarter valued at approximately $185,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of SiriusPoint during the 4th quarter valued at $190,000. Hedge funds and other institutional investors own 52.79% of the company's stock.

Insider Buying and Selling at SiriusPoint

In other news, Director Daniel S. Loeb sold 4,106,631 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $13.71, for a total value of $56,301,911.01. Following the sale, the director now directly owns 9,428,008 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 10.32% of the company's stock.

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SiriusPoint Stock Up 3.1 %

Shares of SiriusPoint stock traded up $0.49 during trading on Monday, hitting $16.25. 428,839 shares of the stock traded hands, compared to its average volume of 526,870. The stock has a market cap of $2.64 billion, a P/E ratio of 16.93 and a beta of 0.87. The company has a fifty day moving average price of $14.63 and a two-hundred day moving average price of $14.53. 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 twelve month low of $11.49 and a twelve month high of $16.50.

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

Analysts Set New Price Targets

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

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.