Wellington Management Group LLP Grows Stake in SiriusPoint Ltd. (NYSE:SPNT)

Wellington Management Group LLP lifted its holdings in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,694,214 shares of the company's stock after buying an additional 838,262 shares during the period. Wellington Management Group LLP owned about 6.59% of SiriusPoint worth $175,278,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in SiriusPoint during the fourth quarter worth approximately $35,000. Smartleaf Asset Management LLC increased its position in shares of SiriusPoint by 122.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company's stock valued at $53,000 after purchasing an additional 1,779 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in SiriusPoint by 14,087.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company's stock valued at $53,000 after buying an additional 3,240 shares during the period. KBC Group NV lifted its position in SiriusPoint by 80.1% in the fourth quarter. KBC Group NV now owns 5,935 shares of the company's stock worth $97,000 after buying an additional 2,640 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in SiriusPoint during the fourth quarter worth $185,000. 52.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

SiriusPoint Trading Down 3.6 %

Shares of NYSE:SPNT traded down $0.59 during trading hours on Monday, hitting $15.47. 1,119,889 shares of the company's stock traded hands, compared to its average volume of 601,448. The firm has a market capitalization of $2.51 billion, a P/E ratio of 16.11 and a beta of 0.72. The business has a fifty day moving average price of $15.10 and a 200-day moving average price of $14.74. SiriusPoint Ltd. has a 1 year low of $11.49 and a 1 year high of $17.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.57 and a quick ratio of 0.56.

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). The business 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%.

Insider Transactions at SiriusPoint

In related news, Director Daniel S. Loeb sold 4,106,631 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $13.71, for a total value of $56,301,911.01. Following the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.32% of the company's stock.

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.