1 day Ago By Defense World Staff
Norges Bank bought a new position in SiriusPoint Ltd. (NYSE:SPNT – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 56,273 shares of the company’s stock, valued at approximately $922,000.
Several other institutional investors have also recently bought and sold shares of SPNT. Janus Henderson Group PLC lifted its holdings in SiriusPoint by 49.8% in the third quarter.
Janus Henderson Group PLC now owns 57,322 shares of the company’s stock valued at $822,000 after buying an additional 19,065 shares during the period. State Street Corp lifted its holdings in shares of SiriusPoint by 4.8% in the third quarter.
State Street Corp now owns 3,578,129 shares of the company’s stock valued at $51,310,000 after purchasing an additional 162,959 shares in the last quarter. Barclays PLC boosted its position in SiriusPoint by 172.7% during the 3rd quarter.
Barclays PLC now owns 210,545 shares of the company’s stock worth $3,018,000 after acquiring an additional 133,331 shares during the last quarter. Geode Capital Management LLC boosted its holdings in SiriusPoint by 5.3% during the third quarter.
Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock worth $32,769,000 after purchasing an additional 115,868 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake 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 last quarter.
Institutional investors own 52.79% of the company’s stock. Insider Buying and SellingIn other SiriusPoint news, Director Daniel S.
Loeb sold 4,106,631 shares of the firm’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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
10.32% of the stock is owned by insiders. SiriusPoint Stock Up 1.
5 %SPNT opened at $16.02 on Friday. SiriusPoint Ltd.
has a 1-year low of $11.49 and a 1-year high of $17.99.
The stock has a market cap of $2.60 billion, a PE ratio of 16.69 and a beta of 0.
72. The stock’s fifty day simple moving average is $15.24 and its 200 day simple moving average is $14.
80. The company has a current ratio of 0.57, a quick ratio of 0.
56 and a debt-to-equity ratio of 0.37. SiriusPoint (NYSE:SPNT – Get Free Report) last posted its earnings results on Tuesday, February 18th.
The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.
49). The firm had revenue of $612.80 million during the quarter.
SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%.
Wall Street Analyst Weigh InSeparately, DOWLING & PARTN raised SiriusPoint from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.View Our Latest Analysis on SiriusPointAbout SiriusPoint (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 ArticlesFive stocks we like better than SiriusPointHow to Invest in Insurance Companies: A Guide Robinhood Strategies Could Be a Game-Changer for Young InvestorsShort Selling – The Pros and Cons Are These 3 Retail Stocks Oversold or Really in Trouble?3 Stocks to Protect Your Portfolio from the Coronavirus Contagion IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
