15,013 Shares in SiriusPoint Ltd. (NYSE:SPNT) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of SiriusPoint Ltd. (NYSE:SPNT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,013 shares of the company’s stock, valued at approximately $246,000.

Several other large investors have also recently added to or reduced their stakes in SPNT. State Street Corp grew its holdings in shares of SiriusPoint by 4.8% during the 3rd quarter. State Street Corp now owns 3,578,129 shares of the company’s stock worth $51,310,000 after purchasing an additional 162,959 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of SiriusPoint by 5.3% in the third quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock valued at $32,769,000 after buying an additional 115,868 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of SiriusPoint by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 883,749 shares of the company’s stock valued at $12,673,000 after purchasing an additional 63,186 shares during the last quarter. Hennessy Advisors Inc. increased its stake in shares of SiriusPoint by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 784,105 shares of the company’s stock valued at $12,851,000 after buying an additional 50,000 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in SiriusPoint by 17.9% during the 4th quarter. Bank of New York Mellon Corp now owns 738,540 shares of the company’s stock valued at $12,105,000 after purchasing an additional 112,119 shares during the period. Institutional investors and hedge funds own 52.79% of the company’s stock.

Analyst Ratings Changes

Separately, DOWLING & PARTN raised SiriusPoint from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

SiriusPoint Price Performance

Shares of SPNT stock opened at $16.59 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 0.37. SiriusPoint Ltd. has a 12-month low of $11.49 and a 12-month high of $16.70. The firm has a fifty day moving average of $14.75 and a 200-day moving average of $14.57. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 17.28 and a beta of 0.87.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.49). SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%. The business had revenue of $612.80 million for the quarter.

Insider Buying and Selling

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of SiriusPoint stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $13.71, for a total value of $56,301,911.01. Following the sale, the director now directly owns 9,428,008 shares in the company, valued at approximately $129,257,989.68. The trade was a 30.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.32% of the stock is currently owned by company insiders.

SiriusPoint Company Profile

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.