Proficio Capital Partners LLC Invests $246,000 in SiriusPoint Ltd. (NYSE:SPNT)

Proficio Capital Partners LLC purchased a new stake in SiriusPoint Ltd. (NYSE:SPNT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,013 shares of the company’s stock, valued at approximately $246,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in SiriusPoint by 172.7% in the third quarter. Barclays PLC now owns 210,545 shares of the company’s stock valued at $3,018,000 after acquiring an additional 133,331 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of SiriusPoint by 1.4% during the 3rd 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. Geode Capital Management LLC lifted its stake in shares of SiriusPoint by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock valued at $32,769,000 after purchasing an additional 115,868 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in SiriusPoint by 122.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company’s stock worth $53,000 after purchasing an additional 1,779 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in SiriusPoint by 5.9% during the third quarter. Victory Capital Management Inc. now owns 57,420 shares of the company’s stock worth $823,000 after buying an additional 3,177 shares during the last quarter. Institutional investors and hedge funds own 52.79% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at SiriusPoint

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 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 directly owns 9,428,008 shares of the company’s stock, valued at approximately $129,257,989.68. This represents a 30.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.32% of the company’s stock.

SiriusPoint Stock Up 0.5 %

Shares of SiriusPoint stock opened at $16.59 on Thursday. SiriusPoint Ltd. has a 12-month low of $11.49 and a 12-month high of $16.70. 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 stock has a 50 day moving average price of $14.75 and a two-hundred day moving average price of $14.57. The stock has a market capitalization of $2.69 billion, a P/E ratio of 17.28 and a beta of 0.87.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter.

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.