SiriusPoint Ltd. (NYSE:SPNT) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP grew its stake in SiriusPoint Ltd. (NYSE:SPNT) by 1,946.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 206,606 shares of the company’s stock after purchasing an additional 196,509 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.13% of SiriusPoint worth $3,386,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in SiriusPoint by 8.5% during the 4th quarter. Wellington Management Group LLP now owns 10,694,214 shares of the company’s stock worth $175,278,000 after buying an additional 838,262 shares during the last quarter. Norges Bank bought a new stake in shares of SiriusPoint in the 4th quarter valued at approximately $922,000. Vanguard Group Inc. raised its position in shares of SiriusPoint by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 11,035,872 shares of the company’s stock valued at $180,878,000 after acquiring an additional 144,963 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in SiriusPoint during the fourth quarter worth $377,000. Finally, American Century Companies Inc. boosted its holdings in SiriusPoint by 9.3% in the fourth quarter. American Century Companies Inc. now owns 2,656,792 shares of the company’s stock worth $43,545,000 after purchasing an additional 226,870 shares during the period. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Stock Performance

Shares of SPNT stock opened at $16.06 on Monday. The company has a market cap of $2.61 billion, a P/E ratio of 16.73 and a beta of 0.72. The business has a 50 day moving average of $15.08 and a two-hundred day moving average of $14.73. SiriusPoint Ltd. has a 52 week low of $11.49 and a 52 week high of $17.99. 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 (NYSE:SPNT) last released 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 net margin of 7.68% and a return on equity of 8.73%. The company had revenue of $612.80 million for the quarter.

Analysts Set New Price Targets

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

Insider Transactions at SiriusPoint

In other news, Director Daniel S. Loeb sold 4,106,631 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 9,428,008 shares in the company, valued at approximately $129,257,989.68. The trade was a 30.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.