SiriusPoint Ltd. (NYSE:SPNT) Position Trimmed by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC decreased its holdings in SiriusPoint Ltd. (NYSE:SPNT) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 398,441 shares of the company’s stock after selling 18,314 shares during the quarter. Brandywine Global Investment Management LLC owned 0.25% of SiriusPoint worth $6,530,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. R Squared Ltd acquired a new position in shares of SiriusPoint in the 4th quarter worth $35,000. Smartleaf Asset Management LLC raised its holdings in 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 buying an additional 1,779 shares during the period. Farther Finance Advisors LLC raised its holdings in SiriusPoint by 14,087.0% during the 4th 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 period. KBC Group NV boosted its holdings in shares of SiriusPoint by 80.1% in the fourth quarter. KBC Group NV now owns 5,935 shares of the company’s stock worth $97,000 after buying an additional 2,640 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of SiriusPoint in the fourth quarter worth about $185,000. Institutional investors own 52.79% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $56,301,911.01. Following the completion of the sale, the director now directly owns 9,428,008 shares in the company, valued at approximately $129,257,989.68. This trade represents a 30.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.32% of the stock is currently owned by corporate insiders.

SiriusPoint Price Performance

SPNT opened at $17.86 on Wednesday. SiriusPoint Ltd. has a 12-month low of $11.49 and a 12-month high of $17.89. The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $2.90 billion, a P/E ratio of 18.61 and a beta of 0.87. The stock has a fifty day moving average of $14.93 and a 200-day moving average of $14.67.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings data 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%.

Analysts Set New Price Targets

Separately, DOWLING & PARTN upgraded shares of SiriusPoint from a “hold” rating to a “strong-buy” rating in a report 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.