Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,125 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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.

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

Analyst Upgrades and Downgrades

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 SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of the stock in a transaction 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 trade represents a 30.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.32% of the company’s stock.

SiriusPoint Stock Up 1.5 %

Shares of SPNT stock opened at $16.86 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.57 and a quick ratio of 0.56. SiriusPoint Ltd. has a one year low of $11.49 and a one year high of $16.91. The company’s fifty day moving average price is $14.79 and its 200-day moving average price is $14.59. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 17.56 and a beta of 0.87.

SiriusPoint (NYSE:SPNT) last posted its 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). SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%. The business had revenue of $612.80 million during the quarter.

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.