15,013 Shares in SiriusPoint Ltd. (NYSE:SPNT) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in SiriusPoint Ltd. (NYSE:SPNT) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 15,013 shares of the company’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of SiriusPoint in the 4th quarter worth about $35,000. KBC Group NV grew its position in SiriusPoint by 80.1% in the 4th quarter. KBC Group NV now owns 5,935 shares of the company’s stock worth $97,000 after purchasing an additional 2,640 shares in the last quarter. SG Americas Securities LLC bought a new stake in SiriusPoint in the 4th quarter worth about $185,000. CIBC Asset Management Inc bought a new stake in SiriusPoint in the 4th quarter worth about $190,000. Finally, Longboard Asset Management LP bought a new stake in SiriusPoint in the 4th quarter worth about $212,000. Institutional investors and hedge funds own 52.79% of the company’s stock.

Insider Activity

In other news, Director Daniel S. Loeb sold 4,106,631 shares of the stock in a transaction that occurred on 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 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 represents a 30.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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

SiriusPoint Trading Up 2.3 %

Shares of SPNT stock opened at $14.86 on Wednesday. SiriusPoint Ltd. has a 52-week low of $11.48 and a 52-week high of $16.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.56 and a current ratio of 0.57. The company has a 50-day simple moving average of $14.66 and a two-hundred day simple moving average of $14.51. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 15.47 and a beta of 0.87.

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 analysts’ consensus estimates of $0.36 by ($0.49). SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%. The firm had revenue of $612.80 million during the quarter.

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.