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

ExodusPoint Capital Management LP increased its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 1,946.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 206,606 shares of the company’s stock after acquiring an additional 196,509 shares during the quarter. ExodusPoint Capital Management LP’s holdings in SiriusPoint were worth $3,386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of SiriusPoint by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 883,749 shares of the company’s stock worth $12,673,000 after purchasing an additional 63,186 shares during the last quarter. Janus Henderson Group PLC grew its position in SiriusPoint by 49.8% in the third quarter. Janus Henderson Group PLC now owns 57,322 shares of the company’s stock worth $822,000 after buying an additional 19,065 shares during the last quarter. State Street Corp increased its holdings in shares of SiriusPoint by 4.8% in the third quarter. State Street Corp now owns 3,578,129 shares of the company’s stock valued at $51,310,000 after buying an additional 162,959 shares in the last quarter. Barclays PLC lifted its position in shares of SiriusPoint by 172.7% during the 3rd quarter. Barclays PLC now owns 210,545 shares of the company’s stock valued at $3,018,000 after acquiring an additional 133,331 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of SiriusPoint by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock worth $32,769,000 after acquiring an additional 115,868 shares in the last quarter. 52.79% of the stock is currently owned by institutional investors.

Insider Activity at SiriusPoint

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now owns 9,428,008 shares in the company, valued at $129,257,989.68. This represents a 30.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.32% of the stock is owned by insiders.

SiriusPoint Stock Performance

Shares of SPNT opened at $16.06 on Monday. SiriusPoint Ltd. has a one year low of $11.49 and a one year high of $17.99. The company has a 50-day moving average of $15.08 and a two-hundred day moving average of $14.73. 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 cap of $2.61 billion, a price-to-earnings ratio of 16.73 and a beta of 0.72.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings data 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). The firm 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 Ratings Changes

Separately, DOWLING & PARTN raised SiriusPoint from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.

SiriusPoint Company 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.