Federated Hermes Inc. Sells 131,945 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Federated Hermes Inc. cut its stake in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 17.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 631,465 shares of the company's stock after selling 131,945 shares during the quarter. Federated Hermes Inc. owned approximately 0.39% of SiriusPoint worth $10,350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Donald Smith & CO. Inc. boosted its position in shares of SiriusPoint by 12.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 7,887,887 shares of the company's stock valued at $129,282,000 after purchasing an additional 900,209 shares in the last quarter. Wellington Management Group LLP lifted its position in SiriusPoint by 8.5% in the 4th quarter. Wellington Management Group LLP now owns 10,694,214 shares of the company's stock valued at $175,278,000 after acquiring an additional 838,262 shares in the last quarter. American Century Companies Inc. boosted its stake in SiriusPoint by 9.3% during the 4th quarter. American Century Companies Inc. now owns 2,656,792 shares of the company's stock valued at $43,545,000 after purchasing an additional 226,870 shares during the last quarter. ExodusPoint Capital Management LP increased its holdings in SiriusPoint by 1,946.2% during the 4th quarter. ExodusPoint Capital Management LP now owns 206,606 shares of the company's stock worth $3,386,000 after purchasing an additional 196,509 shares in the last quarter. Finally, State Street Corp raised its position in SiriusPoint by 4.8% in the 3rd quarter. State Street Corp now owns 3,578,129 shares of the company's stock valued at $51,310,000 after buying an additional 162,959 shares during the last quarter. Institutional investors and hedge funds own 52.79% of the company's stock.

Insider Activity

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the director now owns 9,428,008 shares of the company's stock, valued at $129,257,989.68. This represents a 30.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.32% of the company's stock.

SiriusPoint Stock Performance

NYSE:SPNT traded up $0.14 during trading on Wednesday, reaching $16.47. The company's stock had a trading volume of 57,686 shares, compared to its average volume of 695,016. SiriusPoint Ltd. has a 12 month low of $11.54 and a 12 month high of $17.99. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 17.16 and a beta of 0.72. The firm has a 50 day moving average of $15.32 and a 200-day moving average of $14.82. 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 (NYSE:SPNT - Get Free Report) last posted its quarterly earnings data 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 for the quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on SPNT shares. DOWLING & PARTN upgraded shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Jefferies Financial Group initiated coverage on shares of SiriusPoint in a research report on Tuesday. They set a "hold" rating and a $17.00 target price on the stock.

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.