Royce & Associates LP Acquires 36,368 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Royce & Associates LP lifted its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 27.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,251 shares of the company’s stock after purchasing an additional 36,368 shares during the period. Royce & Associates LP’s holdings in SiriusPoint were worth $2,774,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SPNT. Victory Capital Management Inc. boosted its holdings in SiriusPoint by 5.9% in the third quarter. Victory Capital Management Inc. now owns 57,420 shares of the company’s stock worth $823,000 after acquiring an additional 3,177 shares in the last quarter. Intech Investment Management LLC bought a new position in SiriusPoint in the third quarter worth approximately $1,705,000. Charles Schwab Investment Management Inc. boosted its holdings in SiriusPoint by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 883,749 shares of the company’s stock worth $12,673,000 after acquiring an additional 63,186 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in SiriusPoint by 2.0% in the third quarter. Public Sector Pension Investment Board now owns 206,641 shares of the company’s stock worth $2,963,000 after acquiring an additional 4,100 shares in the last quarter. Finally, PDT Partners LLC boosted its holdings in SiriusPoint by 36.3% in the third quarter. PDT Partners LLC now owns 130,186 shares of the company’s stock worth $1,867,000 after acquiring an additional 34,702 shares in the last quarter. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Stock Performance

Shares of SiriusPoint stock opened at $15.75 on Friday. The company has a market cap of $2.55 billion, a PE ratio of 16.40 and a beta of 0.87. SiriusPoint Ltd. has a 52 week low of $11.49 and a 52 week high of $16.50. The business has a 50 day moving average price of $14.61 and a 200-day moving average price of $14.53. The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 0.37.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.49). The company had revenue of $612.80 million during the quarter. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%.

Analyst Upgrades and Downgrades

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

Insider Transactions at SiriusPoint

In related news, Director Daniel S. Loeb sold 4,106,631 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was 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 directly owns 9,428,008 shares of the company’s stock, valued at approximately $129,257,989.68. This trade represents a 30.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 10.32% of the company’s stock.

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.