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 dated 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 of the company’s stock, 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 is available through the SEC website.

SiriusPoint Price Performance

Shares of SiriusPoint stock opened at $15.35 on Friday. 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 twelve month low of $11.48 and a twelve month high of $16.50. The business has a 50-day moving average price of $14.62 and a 200 day moving average price of $14.51. The firm has a market cap of $2.49 billion, a PE ratio of 15.99 and a beta of 0.94.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.13) 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.

Institutional Investors Weigh In On SiriusPoint

Large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its holdings in shares of SiriusPoint by 1.7% during the 3rd quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the company’s stock worth $675,000 after purchasing an additional 800 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of SiriusPoint by 2.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 55,588 shares of the company’s stock worth $797,000 after purchasing an additional 1,537 shares during the last quarter. Principal Financial Group Inc. boosted 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 worth $7,403,000 after purchasing an additional 7,320 shares during the last quarter. Victory Capital Management Inc. boosted 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 worth $823,000 after purchasing an additional 3,177 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of SiriusPoint by 65.4% during the 3rd quarter. Royce & Associates LP now owns 132,883 shares of the company’s stock worth $1,906,000 after purchasing an additional 52,565 shares during the last quarter. 52.79% of the stock is currently owned by hedge funds and other institutional investors.

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.