Daniel S. Loeb Acquires 728 Shares of SiriusPoint Ltd. (NYSE:SPNT) Stock

SiriusPoint Ltd. (NYSE:SPNT – Get Rating) Director Daniel S. Loeb purchased 728 shares of SiriusPoint stock in a transaction dated Wednesday, May 24th. The stock was acquired at an average price of $23.74 per share, with a total value of $17,282.72. Following the acquisition, the director now owns 34,691 shares in the company, valued at approximately $823,564.34. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

SiriusPoint Trading Up 0.2 %

Shares of NYSE:SPNT opened at $9.43 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1.54 billion, a PE ratio of -24.82 and a beta of 1.02. SiriusPoint Ltd. has a 12-month low of $4.07 and a 12-month high of $9.98. The business’s fifty day simple moving average is $8.72 and its 200-day simple moving average is $7.33.

SiriusPoint (NYSE:SPNT – Get Rating) last announced its earnings results on Thursday, February 23rd. The company reported ($0.17) EPS for the quarter. The firm had revenue of $673.60 million during the quarter. SiriusPoint had a negative return on equity of 1.59% and a negative net margin of 1.28%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG lifted its position in SiriusPoint by 666.0% during the third quarter. UBS Group AG now owns 6,044 shares of the company’s stock valued at $30,000 after acquiring an additional 5,255 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of SiriusPoint by 83.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,821 shares of the company’s stock valued at $36,000 after purchasing an additional 2,200 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of SiriusPoint by 250.9% in the 1st quarter. Captrust Financial Advisors now owns 7,376 shares of the company’s stock worth $55,000 after purchasing an additional 5,274 shares in the last quarter. Vantage Consulting Group Inc purchased a new position in SiriusPoint during the 3rd quarter worth $60,000. Finally, Cipher Capital LP acquired a new position in SiriusPoint during the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 47.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of SiriusPoint from a “d+” rating to a “c-” rating in a report on Thursday, February 23rd.

SiriusPoint Company Profile

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SiriusPoint Ltd. engages in the provision of insurance and reinsurance services. The insurance lines include: Accident and Health, Environmental, Property, Energy, Workers’ Compensation, and Aviation and Space. The reinsurance lines include: Marine and Energy, Casualty, Aviation and Space, and Credit and Bond.