Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $323,000 Stock Holdings in SiriusPoint Ltd. (NYSE:SPNT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,697 shares of the company’s stock after selling 1,125 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in SiriusPoint were worth $323,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of SiriusPoint by 5.9% during the 3rd quarter. Victory Capital Management Inc. now owns 57,420 shares of the company’s stock valued at $823,000 after buying an additional 3,177 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in SiriusPoint by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 883,749 shares of the company’s stock valued at $12,673,000 after buying an additional 63,186 shares during the period. Public Sector Pension Investment Board increased its position in shares of SiriusPoint by 2.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 206,641 shares of the company’s stock worth $2,963,000 after purchasing an additional 4,100 shares in the last quarter. PDT Partners LLC raised its holdings in shares of SiriusPoint by 36.3% in the third quarter. PDT Partners LLC now owns 130,186 shares of the company’s stock valued at $1,867,000 after buying an additional 34,702 shares during the last quarter. Finally, Edgestream Partners L.P. raised its position in shares of SiriusPoint by 300.9% during the third quarter. Edgestream Partners L.P. now owns 252,699 shares of the company’s stock worth $3,624,000 after acquiring an additional 189,660 shares during the last quarter. 52.79% of the stock is owned by institutional investors and hedge funds.

SiriusPoint Price Performance

NYSE SPNT opened at $16.86 on Friday. The company has a market capitalization of $2.74 billion, a PE ratio of 17.56 and a beta of 0.87. The firm’s 50 day moving average is $14.79 and its 200-day moving average is $14.59. The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 0.37. SiriusPoint Ltd. has a 12-month low of $11.49 and a 12-month high of $16.91.

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%.

Wall Street Analyst Weigh In

Separately, DOWLING & PARTN raised 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 SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of the company’s stock in a transaction dated 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 sale, the director now owns 9,428,008 shares in the company, valued at approximately $129,257,989.68. The trade was a 30.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 10.32% of the company’s stock.

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.