Royce & Associates LP Purchases 36,368 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Royce & Associates LP increased its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 27.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,251 shares of the company’s stock after purchasing an additional 36,368 shares during the quarter. Royce & Associates LP owned 0.10% of SiriusPoint worth $2,774,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of SiriusPoint by 14,087.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company’s stock worth $53,000 after acquiring an additional 3,240 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of SiriusPoint in the fourth quarter worth about $246,000. Victory Capital Management Inc. increased its stake in shares of SiriusPoint by 9.8% in the fourth quarter. Victory Capital Management Inc. now owns 63,066 shares of the company’s stock valued at $1,034,000 after buying an additional 5,646 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of SiriusPoint by 122.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company’s stock valued at $53,000 after buying an additional 1,779 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of SiriusPoint by 17.9% in the fourth quarter. Bank of New York Mellon Corp now owns 738,540 shares of the company’s stock valued at $12,105,000 after buying an additional 112,119 shares during the period. Institutional investors own 52.79% of the company’s stock.

Insider Buying and Selling at SiriusPoint

In related news, Director Daniel S. Loeb sold 4,106,631 shares of the company’s stock in a transaction dated 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 owns 9,428,008 shares in the company, valued at $129,257,989.68. This represents a 30.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.32% of the company’s stock.

SiriusPoint Stock Performance

SiriusPoint stock opened at $15.75 on Friday. The business has a 50 day moving average of $14.61 and a 200-day moving average of $14.53. SiriusPoint Ltd. has a 1 year low of $11.49 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.57 and a quick ratio of 0.56. The company has a market capitalization of $2.55 billion, a P/E ratio of 16.40 and a beta of 0.87.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings results 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 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 note on Thursday, March 6th.

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.