Daniel S. Loeb Sells 4,106,631 Shares of SiriusPoint Ltd. (NYSE:SPNT) Stock

SiriusPoint Ltd. (NYSE:SPNT) Director Daniel S. Loeb sold 4,106,631 shares of SiriusPoint stock in a transaction on Thursday, February 27th. The shares were 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 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 document filed with the SEC, which is accessible through this hyperlink.

SiriusPoint Trading Up 0.9 %

Shares of NYSE:SPNT opened at $15.35 on Friday. SiriusPoint Ltd. has a 12-month low of $11.48 and a 12-month high of $16.50. The business’s fifty day simple moving average is $14.62 and its 200-day simple moving average is $14.51. The company has a market capitalization of $2.49 billion, a PE ratio of 15.99 and a beta of 0.94. 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 posted 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 business had revenue of $612.80 million during the quarter. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%.

Institutional Trading of SiriusPoint

Institutional investors have recently made changes to their positions in the business. Capital Research Global Investors lifted its position in SiriusPoint by 17.8% during the 4th quarter. Capital Research Global Investors now owns 6,300,000 shares of the company’s stock worth $103,257,000 after acquiring an additional 950,000 shares during the period. Donald Smith & CO. Inc. lifted its position in SiriusPoint by 12.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 7,887,887 shares of the company’s stock worth $129,282,000 after acquiring an additional 900,209 shares during the period. Wellington Management Group LLP raised its stake in shares of SiriusPoint by 8.5% during the 4th quarter. Wellington Management Group LLP now owns 10,694,214 shares of the company’s stock valued at $175,278,000 after buying an additional 838,262 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in shares of SiriusPoint by 12.8% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,643,704 shares of the company’s stock valued at $43,330,000 after buying an additional 299,114 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of SiriusPoint by 481.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 317,560 shares of the company’s stock valued at $5,206,000 after buying an additional 262,981 shares during the last quarter. Institutional investors and hedge funds own 52.79% of the company’s stock.

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.