Royce & Associates LP Purchases 36,368 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Royce & Associates LP boosted its position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 27.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,251 shares of the company's stock after buying an additional 36,368 shares during the quarter. Royce & Associates LP owned 0.10% of SiriusPoint worth $2,774,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of SiriusPoint by 4.8% in the third 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of SiriusPoint by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company's stock worth $32,769,000 after acquiring an additional 115,868 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of SiriusPoint by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 883,749 shares of the company's stock worth $12,673,000 after purchasing an additional 63,186 shares during the period. Hennessy Advisors Inc. lifted its holdings in shares of SiriusPoint by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 784,105 shares of the company's stock valued at $12,851,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of SiriusPoint by 17.9% in the 4th quarter. Bank of New York Mellon Corp now owns 738,540 shares of the company's stock valued at $12,105,000 after purchasing an additional 112,119 shares during the period. 52.79% of the stock is owned by institutional investors and hedge funds.

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SiriusPoint Trading Up 1.4 %

Shares of NYSE:SPNT traded up $0.23 during mid-day trading on Tuesday, hitting $16.48. The stock had a trading volume of 682,577 shares, compared to its average volume of 526,851. The company's 50 day moving average is $14.67 and its 200-day moving average is $14.54. SiriusPoint Ltd. has a 12-month low of $11.49 and a 12-month high of $16.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.56 and a current ratio of 0.57. The company has a market cap of $2.67 billion, a PE ratio of 17.17 and a beta of 0.87.

SiriusPoint (NYSE:SPNT - Get Free Report) last released its earnings results 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 business had revenue of $612.80 million during the quarter. SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

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

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.