SiriusPoint Ltd. (NYSE:SPNT) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 13.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,218 shares of the company’s stock after selling 2,058 shares during the period. Natixis Advisors LLC’s holdings in SiriusPoint were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. R Squared Ltd acquired a new position in SiriusPoint in the fourth quarter valued at approximately $35,000. Smartleaf Asset Management LLC raised its position in SiriusPoint by 122.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company’s stock valued at $53,000 after purchasing an additional 1,779 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in SiriusPoint by 14,087.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company’s stock worth $53,000 after acquiring an additional 3,240 shares during the last quarter. KBC Group NV increased its holdings in SiriusPoint by 80.1% in the fourth quarter. KBC Group NV now owns 5,935 shares of the company’s stock valued at $97,000 after buying an additional 2,640 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in SiriusPoint during the fourth quarter worth approximately $185,000. 52.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of the stock in a transaction 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 sale, the director now owns 9,428,008 shares in the company, valued at approximately $129,257,989.68. This represents a 30.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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

SiriusPoint Trading Up 1.4 %

Shares of SPNT stock opened at $17.10 on Friday. The business’s 50 day moving average is $14.83 and its two-hundred day moving average is $14.61. SiriusPoint Ltd. has a twelve month low of $11.49 and a twelve month high of $17.26. 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 capitalization of $2.77 billion, a P/E ratio of 17.81 and a beta of 0.87.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings results 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 business had revenue of $612.80 million during the quarter. SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%.

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.