SiriusPoint Ltd. (NYSE:SPNT) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,568,197 shares of the company’s stock after acquiring an additional 252,120 shares during the quarter. Dimensional Fund Advisors LP’s holdings in SiriusPoint were worth $124,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in SiriusPoint during the fourth quarter valued at $35,000. Sterling Capital Management LLC boosted its holdings in shares of SiriusPoint by 742.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,714 shares of the company’s stock valued at $44,000 after buying an additional 2,392 shares during the period. Smartleaf Asset Management LLC grew 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 buying an additional 1,779 shares during the last quarter. Farther Finance Advisors LLC raised its stake in SiriusPoint by 14,087.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company’s stock worth $53,000 after acquiring an additional 3,240 shares during the period. Finally, KBC Group NV lifted its holdings 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 acquiring an additional 2,640 shares during the last quarter. 52.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other SiriusPoint 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 sale, the director now directly owns 9,428,008 shares in the company, valued at approximately $129,257,989.68. The trade was a 30.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.32% of the stock is currently owned by insiders.

SiriusPoint Trading Down 0.3 %

Shares of NYSE:SPNT opened at $16.55 on Friday. SiriusPoint Ltd. has a fifty-two week low of $11.54 and a fifty-two week 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. The company has a market cap of $2.68 billion, a PE ratio of 17.24 and a beta of 0.72. The company’s 50-day moving average price is $15.70 and its 200 day moving average price is $14.97.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.13) earnings per share (EPS) 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 business had revenue of $612.80 million for the quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SPNT shares. DOWLING & PARTN raised SiriusPoint from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Jefferies Financial Group began coverage on SiriusPoint in a research note on Tuesday, April 15th. They set a “hold” rating and a $17.00 price objective for the company.

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.