Jupiter Asset Management Ltd. Sells 144,903 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Jupiter Asset Management Ltd. trimmed its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 32.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 296,943 shares of the company's stock after selling 144,903 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.18% of SiriusPoint worth $4,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in 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 buying an additional 1,779 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in SiriusPoint by 8.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 24,971 shares of the company's stock worth $409,000 after buying an additional 1,945 shares in the last quarter. R Squared Ltd purchased a new position in SiriusPoint during the fourth quarter worth about $35,000. 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 worth $97,000 after buying an additional 2,640 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in SiriusPoint by 5.9% during the third quarter. Victory Capital Management Inc. now owns 57,420 shares of the company's stock worth $823,000 after buying an additional 3,177 shares in the last quarter. 52.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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Insider Transactions at SiriusPoint

In other news, Director Daniel S. Loeb sold 4,106,631 shares of the company'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 completion of the transaction, the director now directly owns 9,428,008 shares in the company, valued at approximately $129,257,989.68. This represents a 30.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.32% of the company's stock.

SiriusPoint Price Performance

SPNT opened at $14.48 on Friday. The stock has a 50-day moving average price of $14.60 and a 200-day moving average price of $14.51. SiriusPoint Ltd. has a 12-month low of $11.48 and a 12-month high of $16.50. 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 stock has a market capitalization of $2.35 billion, a P/E ratio of 15.08 and a beta of 0.87.

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 firm had revenue of $612.80 million during the quarter.

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.

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