Gilder Gagnon Howe & Co. LLC Has $43.33 Million Stock Holdings in SiriusPoint Ltd. (NYSE:SPNT)

Gilder Gagnon Howe & Co. LLC increased its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,643,704 shares of the company's stock after purchasing an additional 299,114 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 1.63% of SiriusPoint worth $43,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. R Squared Ltd acquired a new position in shares of SiriusPoint in the fourth quarter valued at approximately $35,000. Sterling Capital Management LLC boosted its stake in SiriusPoint by 742.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,714 shares of the company's stock worth $44,000 after purchasing an additional 2,392 shares during the period. Smartleaf Asset Management LLC raised its stake 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 valued at $53,000 after purchasing an additional 1,779 shares during the period. Farther Finance Advisors LLC raised its stake 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 purchasing an additional 3,240 shares during the period. Finally, KBC Group NV lifted its holdings in shares of SiriusPoint by 80.1% in 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. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Stock Up 2.3 %

Shares of NYSE SPNT traded up $0.38 during mid-day trading on Tuesday, hitting $17.00. The company had a trading volume of 590,156 shares, compared to its average volume of 600,540. SiriusPoint Ltd. has a one year low of $11.54 and a one year high of $17.99. The company has a market capitalization of $2.76 billion, a PE ratio of 17.71 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. The firm has a 50-day simple moving average of $15.75 and a two-hundred day simple moving average of $15.01.

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

Insider Buying and Selling at SiriusPoint

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of SiriusPoint stock in a transaction dated Thursday, February 27th. The shares were 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 in the company, valued at $129,257,989.68. The trade was a 30.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.32% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on SPNT shares. Jefferies Financial Group assumed coverage on SiriusPoint in a research note on Tuesday, April 15th. They issued a "hold" rating and a $17.00 target price on the stock. DOWLING & PARTN raised shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a research report 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.