SiriusPoint Ltd. (NYSE:SPNT) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in SiriusPoint Ltd. (NYSE:SPNT) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,215 shares of the company’s stock after selling 1,093 shares during the period. Amalgamated Bank’s holdings in SiriusPoint were worth $446,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPNT. Louisiana State Employees Retirement System raised its holdings in SiriusPoint by 1.7% during the third quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the company’s stock worth $675,000 after purchasing an additional 800 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of SiriusPoint by 2.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 55,588 shares of the company’s stock worth $797,000 after buying an additional 1,537 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of SiriusPoint by 8.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 24,971 shares of the company’s stock worth $409,000 after buying an additional 1,945 shares in the last quarter. R Squared Ltd purchased a new position in shares of SiriusPoint during the 4th quarter worth approximately $35,000. Finally, KBC Group NV raised its stake in shares of SiriusPoint by 80.1% during the 4th quarter. KBC Group NV now owns 5,935 shares of the company’s stock worth $97,000 after buying an additional 2,640 shares in the last quarter. Hedge funds and other institutional investors own 52.79% of the company’s stock.

Insider Transactions at SiriusPoint

In related news, Director Daniel S. Loeb sold 4,106,631 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 9,428,008 shares of the company’s stock, valued at $129,257,989.68. This trade represents a 30.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.32% of the company’s stock.

SiriusPoint Stock Performance

Shares of SPNT stock opened at $14.77 on Wednesday. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 15.39 and a beta of 0.94. The stock has a 50 day simple moving average of $14.66 and a 200-day simple moving average of $14.52. SiriusPoint Ltd. has a 12-month low of $11.48 and a 12-month high of $16.50. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 0.37.

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

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.