SiriusPoint Ltd. (NYSE:SPNT) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP boosted its stake in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 1,946.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,606 shares of the company's stock after buying an additional 196,509 shares during the quarter. ExodusPoint Capital Management LP owned 0.13% of SiriusPoint worth $3,386,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SPNT. Smartleaf Asset Management LLC lifted its stake in SiriusPoint by 122.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company's stock worth $53,000 after acquiring an additional 1,779 shares in the last quarter. Flagship Harbor Advisors LLC increased its stake in SiriusPoint by 8.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 24,971 shares of the company's stock worth $409,000 after purchasing an additional 1,945 shares during the period. R Squared Ltd purchased a new stake in SiriusPoint during the fourth quarter worth about $35,000. KBC Group NV lifted its position in shares of SiriusPoint by 80.1% during the fourth quarter. KBC Group NV now owns 5,935 shares of the company's stock worth $97,000 after purchasing an additional 2,640 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of SiriusPoint by 14,087.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company's stock valued at $53,000 after purchasing an additional 3,240 shares during the period. 52.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Daniel S. Loeb sold 4,106,631 shares of SiriusPoint stock in a transaction dated 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 sale, the director now owns 9,428,008 shares in the company, valued at approximately $129,257,989.68. The trade was a 30.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.32% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, DOWLING & PARTN raised shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

SiriusPoint Stock Up 1.5 %

Shares of NYSE SPNT traded up $0.24 during mid-day trading on Friday, hitting $16.02. The company had a trading volume of 810,516 shares, compared to its average volume of 605,538. SiriusPoint Ltd. has a 1-year low of $11.49 and a 1-year high of $17.99. The company has a market capitalization of $2.60 billion, a PE ratio of 16.69 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.57 and a quick ratio of 0.56. The business's 50-day simple moving average is $15.24 and its 200 day simple moving average is $14.80.

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

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.