XTX Topco Ltd Takes $454,000 Position in SiriusPoint Ltd. (NYSE:SPNT)

XTX Topco Ltd purchased a new position in SiriusPoint Ltd. (NYSE:SPNT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,670 shares of the company’s stock, valued at approximately $454,000.

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

Insider Activity

In other news, Director Daniel S. Loeb sold 4,106,631 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 10.32% of the company’s stock.

SiriusPoint Stock Performance

Shares of NYSE SPNT opened at $15.98 on Tuesday. SiriusPoint Ltd. has a 12-month low of $11.54 and a 12-month high of $17.99. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 0.37. The company has a market cap of $2.59 billion, a PE ratio of 16.65 and a beta of 0.72. The stock has a 50 day simple moving average of $15.51 and a 200-day simple moving average of $14.90.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.49). The company 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%.

Analyst Ratings Changes

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

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.