Jupiter Asset Management Ltd. Sells 144,903 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Jupiter Asset Management Ltd. decreased its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 32.8% in the fourth quarter, HoldingsChannel reports. The firm owned 296,943 shares of the company’s stock after selling 144,903 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in SiriusPoint were worth $4,867,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC raised its position in SiriusPoint by 14,087.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company’s stock valued at $53,000 after purchasing an additional 3,240 shares during the last quarter. Proficio Capital Partners LLC bought a new position in SiriusPoint during the 4th quarter valued at approximately $246,000. Victory Capital Management Inc. raised its position in SiriusPoint by 9.8% during the 4th quarter. Victory Capital Management Inc. now owns 63,066 shares of the company’s stock valued at $1,034,000 after purchasing an additional 5,646 shares during the last quarter. Smartleaf Asset Management LLC raised its position in SiriusPoint by 122.1% during 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 during the last quarter. Finally, Bank of New York Mellon Corp raised its position in SiriusPoint by 17.9% during the 4th quarter. Bank of New York Mellon Corp now owns 738,540 shares of the company’s stock valued at $12,105,000 after purchasing an additional 112,119 shares during the last quarter. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Stock Up 0.5 %

Shares of NYSE:SPNT opened at $14.48 on Friday. SiriusPoint Ltd. has a 52-week low of $11.48 and a 52-week high of $16.50. The firm has a market capitalization of $2.35 billion, a P/E ratio of 15.08 and a beta of 0.87. The stock has a 50 day moving average price of $14.60 and a 200-day moving average price of $14.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.56 and a current ratio of 0.57.

SiriusPoint (NYSE:SPNT) last announced its earnings results on Tuesday, February 18th. The company reported ($0.13) earnings per share (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 during the quarter.

Wall Street Analysts Forecast Growth

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

Insider Transactions at SiriusPoint

In related news, Director Daniel S. Loeb sold 4,106,631 shares of the company’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 value of $56,301,911.01. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.32% of the company’s stock.

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.