SiriusPoint Ltd. (NYSE:SPNT) Director Daniel S. Loeb Sells 4,106,631 Shares

SiriusPoint Ltd. (NYSE:SPNT - Get Free Report) 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 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

SiriusPoint Stock Down 1.7 %

Shares of NYSE:SPNT traded down $0.26 during midday trading on Tuesday, hitting $14.86. The stock had a trading volume of 86,201 shares, compared to its average volume of 582,191. The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 0.37. The business's 50-day simple moving average is $14.64 and its 200-day simple moving average is $14.51. SiriusPoint Ltd. has a 12 month low of $11.48 and a 12 month high of $16.50. The company has a market cap of $2.41 billion, a P/E ratio of 15.48 and a beta of 0.94.

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

Hedge Funds Weigh In On SiriusPoint

Institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its stake in shares of SiriusPoint by 1.7% during the 3rd quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the company's stock worth $675,000 after acquiring an additional 800 shares during the period. Mariner LLC boosted its position in SiriusPoint by 6.3% during the fourth quarter. Mariner LLC now owns 20,792 shares of the company's stock worth $341,000 after purchasing an additional 1,230 shares during the period. Bank of Montreal Can boosted 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 worth $295,000 after purchasing an additional 1,393 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of SiriusPoint by 2.8% in the third quarter. State of Alaska Department of Revenue now owns 55,588 shares of the company's stock valued at $797,000 after purchasing an additional 1,537 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of SiriusPoint by 122.1% in the fourth 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. Institutional investors and hedge funds own 52.79% of the company's stock.

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.