Wellington Management Group LLP Buys 838,262 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Wellington Management Group LLP lifted its stake in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,694,214 shares of the company's stock after purchasing an additional 838,262 shares during the quarter. Wellington Management Group LLP owned 6.59% of SiriusPoint worth $175,278,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Barclays PLC raised its stake in SiriusPoint by 172.7% during the third quarter. Barclays PLC now owns 210,545 shares of the company's stock worth $3,018,000 after acquiring an additional 133,331 shares in the last quarter. Principal Financial Group Inc. lifted its stake in SiriusPoint by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 516,241 shares of the company's stock valued at $7,403,000 after purchasing an additional 7,320 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of SiriusPoint by 5.3% during the third quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company's stock worth $32,769,000 after buying an additional 115,868 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of SiriusPoint by 122.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company's stock valued at $53,000 after acquiring an additional 1,779 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of SiriusPoint during the 4th quarter valued at $246,000. Institutional investors own 52.79% of the company's stock.

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Insider Activity at SiriusPoint

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of the 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 completion of the sale, the director now directly owns 9,428,008 shares in the company, valued at approximately $129,257,989.68. This trade represents a 30.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 10.32% of the stock is currently owned by company insiders.

SiriusPoint Trading Down 8.5 %

NYSE SPNT traded down $1.50 on Friday, hitting $16.06. The company's stock had a trading volume of 907,326 shares, compared to its average volume of 598,797. The company's 50-day moving average is $15.08 and its 200 day moving average is $14.72. The firm has a market cap of $2.61 billion, a PE ratio of 16.73 and a beta of 0.87. SiriusPoint Ltd. has a 1-year low of $11.49 and a 1-year high of $17.99. The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 0.37.

SiriusPoint (NYSE:SPNT - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.49). The company had revenue of $612.80 million for the quarter. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%.

Analyst Upgrades and Downgrades

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

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.