Brandywine Global Investment Management LLC trimmed its stake in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 have also modified their holdings of the company. Vanguard Group Inc. raised its stake in SiriusPoint by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 11,035,872 shares of the company's stock valued at $180,878,000 after purchasing an additional 144,963 shares during the last quarter. State Street Corp lifted its stake 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 worth $51,310,000 after buying an additional 162,959 shares in the last quarter. American Century Companies Inc. boosted its position in SiriusPoint by 9.3% during the fourth 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 during the last quarter. Geode Capital Management LLC grew its stake in SiriusPoint by 5.3% during 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in SiriusPoint by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 883,749 shares of the company's stock valued at $12,673,000 after acquiring an additional 63,186 shares during the last quarter. Institutional investors and hedge funds own 52.79% of the company's stock.
SiriusPoint Trading Down 8.5 %
NYSE:SPNT traded down $1.50 during trading hours on Friday, hitting $16.06. The company had a trading volume of 907,326 shares, compared to its average volume of 599,374. SiriusPoint Ltd. has a 1 year low of $11.49 and a 1 year high of $17.99. 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 company has a 50-day moving average of $15.08 and a 200 day moving average of $14.73. The company has a market cap of $2.61 billion, a P/E ratio of 16.73 and a beta of 0.72.
SiriusPoint (NYSE:SPNT - Get Free Report) last announced 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 net margin of 7.68% and a return on equity of 8.73%. The firm had revenue of $612.80 million during the quarter.
Wall Street Analysts Forecast Growth
Separately, DOWLING & PARTN upgraded SiriusPoint from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.
Read Our Latest Analysis on SiriusPoint
Insider Activity
In other 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 transaction 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 10.32% of the company's stock.
About SiriusPoint
(
Free Report)
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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