1 day Ago By ABMN Staff
Norges Bank bought a new stake in SiriusPoint Ltd. ( NYSE:SPNT – Free Report ) in the 4th quarter, HoldingsChannel.com reports.
The firm bought 56,273 shares of the company’s stock, valued at approximately $922,000. Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of SiriusPoint during the fourth quarter valued at about $35,000.
Smartleaf Asset Management LLC increased its stake in shares of SiriusPoint by 122.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company’s stock worth $53,000 after purchasing an additional 1,779 shares during the last quarter.
Farther Finance Advisors LLC increased its position in 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 buying an additional 3,240 shares during the last quarter.
KBC Group NV increased its holdings in SiriusPoint by 80.1% in the 4th quarter. KBC Group NV now owns 5,935 shares of the company’s stock worth $97,000 after acquiring an additional 2,640 shares during the last quarter.
Finally, SG Americas Securities LLC purchased a new position in shares of SiriusPoint in the fourth quarter worth about $185,000. Institutional investors and hedge funds own 52.79% of the company’s stock.
Insider Buying and Selling In other news, Director Daniel S. Loeb sold 4,106,631 shares of the stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . 10.32% of the stock is owned by corporate insiders.
Analyst Ratings Changes Read Our Latest Analysis on SPNT SiriusPoint Stock Performance Shares of SPNT opened at $16.02 on Friday. 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 stock has a 50-day moving average price of $15.24 and a 200-day moving average price of $14.80.
The company has a market cap of $2.60 billion, a PE ratio of 16.69 and a beta of 0.
72. SiriusPoint Ltd. has a 12-month low of $11.
49 and a 12-month high of $17.99. SiriusPoint ( NYSE:SPNT – Get Free Report ) last released its quarterly 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). The firm had revenue of $612.80 million for the quarter.
SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%.
SiriusPoint Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding SPNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiriusPoint Ltd.
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