Edgestream Partners L.P. Lowers Position in SiriusPoint Ltd. (NYSE:SPNT)

Edgestream Partners L.P. decreased its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 15.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 213,728 shares of the company’s stock after selling 38,971 shares during the period. Edgestream Partners L.P.’s holdings in SiriusPoint were worth $3,503,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SPNT. Principal Financial Group Inc. increased its stake in shares of SiriusPoint by 1.4% during the third 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 in the last quarter. Victory Capital Management Inc. increased its stake in shares of SiriusPoint by 5.9% during the third quarter. Victory Capital Management Inc. now owns 57,420 shares of the company’s stock valued at $823,000 after purchasing an additional 3,177 shares in the last quarter. Royce & Associates LP increased its stake in shares of SiriusPoint by 65.4% during the third quarter. Royce & Associates LP now owns 132,883 shares of the company’s stock valued at $1,906,000 after purchasing an additional 52,565 shares in the last quarter. Empowered Funds LLC increased its stake in shares of SiriusPoint by 5.7% during the third quarter. Empowered Funds LLC now owns 708,082 shares of the company’s stock valued at $10,154,000 after purchasing an additional 38,267 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of SiriusPoint during the third quarter valued at approximately $1,705,000. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

Shares of SPNT opened at $14.31 on Friday. The company has a market capitalization of $2.32 billion, a P/E ratio of 14.91 and a beta of 0.87. 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 firm has a 50 day moving average of $14.69 and a 200 day moving average of $14.52. SiriusPoint Ltd. has a twelve month low of $11.48 and a twelve month high of $16.50.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings results 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 net margin of 7.68% and a return on equity of 8.73%.

Insider Activity at SiriusPoint

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of SiriusPoint 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 of the company’s stock, valued at approximately $129,257,989.68. The trade was a 30.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.32% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, DOWLING & PARTN raised shares of SiriusPoint from a “hold” rating to a “strong-buy” rating in a research report on Thursday.

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.