Vanguard Group Inc. Purchases 144,963 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Vanguard Group Inc. boosted its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,035,872 shares of the company's stock after purchasing an additional 144,963 shares during the period. Vanguard Group Inc. owned about 6.81% of SiriusPoint worth $180,878,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of SiriusPoint during the 4th quarter worth $35,000. Smartleaf Asset Management LLC lifted its holdings 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 worth $53,000 after acquiring an additional 1,779 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of SiriusPoint by 14,087.0% in the 4th 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 in the last quarter. KBC Group NV grew its holdings in shares of SiriusPoint by 80.1% during the 4th quarter. KBC Group NV now owns 5,935 shares of the company's stock valued at $97,000 after purchasing an additional 2,640 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in SiriusPoint during the 4th quarter worth approximately $185,000. Institutional investors own 52.79% of the company's stock.

Analyst Ratings Changes

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

SiriusPoint Price Performance

SPNT stock traded up $0.24 during midday trading on Friday, reaching $16.02. 810,516 shares of the stock were exchanged, compared to its average volume of 605,538. SiriusPoint Ltd. has a 52 week low of $11.49 and a 52 week high of $17.99. The company has a fifty day moving average price of $15.24 and a 200 day moving average price of $14.80. 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 stock has a market capitalization of $2.60 billion, a PE ratio of 16.69 and a beta of 0.72.

SiriusPoint (NYSE:SPNT - Get Free Report) last released its quarterly earnings results 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.

Insiders Place Their Bets

In related news, Director Daniel S. Loeb sold 4,106,631 shares of the firm's 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 of the company's stock, valued at $129,257,989.68. This trade represents a 30.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.32% of the company's stock.

SiriusPoint 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.