SiriusPoint Ltd. (NYSE:SPNT) Director Daniel S. Loeb Sells 4,106,631 Shares

SiriusPoint Ltd. (NYSE:SPNT) Director Daniel S. Loeb sold 4,106,631 shares of the company’s stock in a transaction 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 sale, the director now directly 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 filing with the SEC, which is available at this link.

SiriusPoint Stock Performance

Shares of SiriusPoint stock traded up $0.13 during trading on Friday, hitting $15.35. 1,282,379 shares of the stock were exchanged, compared to its average volume of 592,461. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $14.60 and a 200-day moving average price of $14.50. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 15.99 and a beta of 0.95. SiriusPoint Ltd. has a 1-year low of $11.48 and a 1-year high of $16.50.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.49). The business had revenue of $612.80 million for the quarter. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its position in SiriusPoint by 172.7% during the third quarter. Barclays PLC now owns 210,545 shares of the company’s stock worth $3,018,000 after purchasing an additional 133,331 shares during the period. Geode Capital Management LLC lifted its stake in shares of SiriusPoint by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock worth $32,769,000 after buying an additional 115,868 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 buying an additional 7,320 shares during the period. Victory Capital Management Inc. grew 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 valued at $823,000 after buying an additional 3,177 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in SiriusPoint by 1.7% in the 3rd quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the company’s stock valued at $675,000 after acquiring an additional 800 shares during the period. 52.79% of the stock is owned by institutional investors and hedge funds.

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.