SiriusPoint Ltd. (NYSE:SPNT) Holdings Trimmed by Invesco Ltd.

Invesco Ltd. lowered its position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,596,169 shares of the company's stock after selling 171,370 shares during the quarter. Invesco Ltd. owned about 1.60% of SiriusPoint worth $42,551,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPNT. Bank of Montreal Can lifted its position in SiriusPoint by 8.4% during the fourth quarter. Bank of Montreal Can now owns 18,013 shares of the company's stock valued at $295,000 after buying an additional 1,393 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of SiriusPoint by 122.1% during the 4th 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. Flagship Harbor Advisors LLC boosted its position in SiriusPoint by 8.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 24,971 shares of the company's stock worth $409,000 after purchasing an additional 1,945 shares during the period. R Squared Ltd purchased a new stake in SiriusPoint during the 4th quarter worth $35,000. Finally, KBC Group NV increased its holdings in SiriusPoint by 80.1% in the 4th 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. Institutional investors and hedge funds own 52.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group started coverage on SiriusPoint in a research report on Tuesday, April 15th. They issued a "hold" rating and a $17.00 target price for the company. DOWLING & PARTN upgraded SiriusPoint from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

SiriusPoint Stock Up 2.7 %

SiriusPoint stock traded up $0.43 during midday trading on Tuesday, hitting $16.42. 696,091 shares of the stock were exchanged, compared to its average volume of 604,907. SiriusPoint Ltd. has a 1 year low of $11.54 and a 1 year high of $17.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.57 and a quick ratio of 0.56. The firm has a market cap of $2.66 billion, a P/E ratio of 17.10 and a beta of 0.72. The company has a 50 day moving average price of $15.55 and a two-hundred day moving average price of $14.91.

SiriusPoint (NYSE:SPNT - Get Free Report) last announced 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 business had revenue of $612.80 million for the quarter.

Insiders Place Their Bets

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

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.