SiriusPoint Ltd. (NYSE:SPNT) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its stake in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 15.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 213,728 shares of the company's stock after selling 38,971 shares during the period. Edgestream Partners L.P. owned approximately 0.13% of SiriusPoint worth $3,503,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of SiriusPoint in the fourth quarter valued at $35,000. Smartleaf Asset Management LLC grew its stake 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 valued at $53,000 after acquiring an additional 1,779 shares in the last quarter. KBC Group NV increased its position in shares of SiriusPoint by 80.1% during the fourth quarter. KBC Group NV now owns 5,935 shares of the company's stock worth $97,000 after acquiring an additional 2,640 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of SiriusPoint in the fourth quarter worth about $185,000. Finally, CIBC Asset Management Inc purchased a new position in SiriusPoint in the fourth quarter valued at about $190,000. Institutional investors and hedge funds own 52.79% of the company's stock.

SiriusPoint Stock Down 2.9 %

Shares of SPNT stock traded down $0.42 during trading hours on Wednesday, hitting $14.41. 861,646 shares of the company were exchanged, compared to its average volume of 612,117. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 15.01 and a beta of 0.87. The business's 50-day simple moving average is $14.66 and its two-hundred day simple moving average is $14.51. 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 one year low of $11.48 and a one year high of $16.50.

Remove Ads

SiriusPoint (NYSE:SPNT - Get Free Report) last released 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). The business had revenue of $612.80 million for the quarter. SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at SiriusPoint

In other news, Director Daniel S. Loeb sold 4,106,631 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $13.71, for a total transaction of $56,301,911.01. Following the completion of the transaction, the director now owns 9,428,008 shares of the company's stock, valued at approximately $129,257,989.68. The trade was a 30.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.32% of the stock is currently owned by insiders.

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.