KLP Kapitalforvaltning AS Takes $377,000 Position in SiriusPoint Ltd. (NYSE:SPNT)

KLP Kapitalforvaltning AS purchased a new stake in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 23,000 shares of the company's stock, valued at approximately $377,000.

Several other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its holdings in SiriusPoint by 9.3% in the fourth quarter. American Century Companies Inc. now owns 2,656,792 shares of the company's stock worth $43,545,000 after purchasing an additional 226,870 shares in the last quarter. Royce & Associates LP increased its holdings in shares of SiriusPoint by 27.4% during the 4th quarter. Royce & Associates LP now owns 169,251 shares of the company's stock valued at $2,774,000 after acquiring an additional 36,368 shares during the last quarter. 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 acquiring an additional 3,240 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in SiriusPoint in the 4th quarter worth approximately $246,000. Finally, Victory Capital Management Inc. boosted its position in SiriusPoint by 9.8% during the fourth quarter. Victory Capital Management Inc. now owns 63,066 shares of the company's stock worth $1,034,000 after purchasing an additional 5,646 shares during the period. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Stock Performance

SPNT traded down $0.20 during trading on Thursday, hitting $15.82. The stock had a trading volume of 745,756 shares, compared to its average volume of 604,770. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 0.37. SiriusPoint Ltd. has a 12 month low of $11.49 and a 12 month high of $17.99. The company has a 50 day simple moving average of $15.21 and a 200-day simple moving average of $14.79. The firm has a market cap of $2.57 billion, a PE ratio of 16.48 and a beta of 0.72.

SiriusPoint (NYSE:SPNT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.13) 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 business had revenue of $612.80 million during 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 value of $56,301,911.01. Following the sale, the director now directly owns 9,428,008 shares in the company, valued at $129,257,989.68. This trade represents a 30.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 10.32% of the company's stock.

Analyst Ratings Changes

Separately, 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.