XTX Topco Ltd Buys Shares of 27,670 SiriusPoint Ltd. (NYSE:SPNT)

XTX Topco Ltd purchased a new stake in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 27,670 shares of the company's stock, valued at approximately $454,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPNT. Mariner LLC grew its holdings in shares of SiriusPoint by 6.3% in the fourth quarter. Mariner LLC now owns 20,792 shares of the company's stock worth $341,000 after purchasing an additional 1,230 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of SiriusPoint by 742.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,714 shares of the company's stock worth $44,000 after acquiring an additional 2,392 shares during the period. Arbiter Partners Capital Management LLC raised its stake in shares of SiriusPoint by 149.9% during the fourth quarter. Arbiter Partners Capital Management LLC now owns 214,282 shares of the company's stock valued at $3,512,000 after acquiring an additional 128,535 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of SiriusPoint by 73.6% in the fourth quarter. Renaissance Technologies LLC now owns 227,987 shares of the company's stock valued at $3,737,000 after purchasing an additional 96,687 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of SiriusPoint by 8.4% in the 4th quarter. Bank of Montreal Can now owns 18,013 shares of the company's stock worth $295,000 after buying an additional 1,393 shares during the period. 52.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SiriusPoint

In other news, Director Daniel S. Loeb sold 4,106,631 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were 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 owns 9,428,008 shares of the company's stock, valued at $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 available at this link. Corporate insiders own 10.32% of the company's stock.

SiriusPoint Stock Performance

SPNT stock traded up $0.19 during midday trading on Wednesday, reaching $16.58. The stock had a trading volume of 630,277 shares, compared to its average volume of 605,893. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.56 and a current ratio of 0.57. The firm has a fifty day simple moving average of $15.60 and a two-hundred day simple moving average of $14.92. The stock has a market cap of $2.69 billion, a PE ratio of 17.27 and a beta of 0.72. SiriusPoint Ltd. has a 52-week low of $11.54 and a 52-week high of $17.99.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPNT. DOWLING & PARTN upgraded shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Jefferies Financial Group initiated coverage on SiriusPoint in a research report on Tuesday, April 15th. They set a "hold" rating and a $17.00 price objective on the 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.