Brandywine Global Investment Management LLC Sells 18,314 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Brandywine Global Investment Management LLC trimmed its stake in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 398,441 shares of the company's stock after selling 18,314 shares during the period. Brandywine Global Investment Management LLC owned 0.25% of SiriusPoint worth $6,530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of SiriusPoint by 9.3% during the 4th quarter. American Century Companies Inc. now owns 2,656,792 shares of the company's stock worth $43,545,000 after acquiring an additional 226,870 shares in the last quarter. State Street Corp increased its position in SiriusPoint by 4.8% in the third quarter. State Street Corp now owns 3,578,129 shares of the company's stock worth $51,310,000 after purchasing an additional 162,959 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of SiriusPoint by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 11,035,872 shares of the company's stock worth $180,878,000 after buying an additional 144,963 shares during the last quarter. Barclays PLC raised its position in shares of SiriusPoint by 172.7% during the 3rd quarter. Barclays PLC now owns 210,545 shares of the company's stock valued at $3,018,000 after buying an additional 133,331 shares in the last quarter. Finally, Geode Capital Management LLC lifted 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 valued at $32,769,000 after acquiring an additional 115,868 shares during the last quarter. 52.79% of the stock is currently owned by institutional investors.

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SiriusPoint Trading Down 8.5 %

NYSE:SPNT traded down $1.50 during midday trading on Friday, hitting $16.06. 907,326 shares of the company traded hands, compared to its average volume of 598,510. 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 firm's fifty day moving average is $15.05 and its 200-day moving average is $14.71. The firm has a market capitalization of $2.61 billion, a P/E ratio of 16.73 and a beta of 0.87. SiriusPoint Ltd. has a 12-month low of $11.49 and a 12-month high of $17.99.

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 the consensus estimate of $0.36 by ($0.49). The firm had revenue of $612.80 million during the quarter. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of the stock in a transaction on 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. This trade represents a 30.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.32% of the stock is owned by insiders.

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.