Bfsg LLC Cuts Stock Holdings in SiriusPoint Ltd. (NYSE:SPNT)

Bfsg LLC reduced its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,741 shares of the company’s stock after selling 3,173 shares during the period. Bfsg LLC’s holdings in SiriusPoint were worth $504,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SPNT. R Squared Ltd purchased a new stake in shares of SiriusPoint in the fourth quarter valued at approximately $35,000. KBC Group NV grew its position in shares of SiriusPoint by 80.1% in the fourth quarter. KBC Group NV now owns 5,935 shares of the company’s stock valued at $97,000 after purchasing an additional 2,640 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of SiriusPoint in the fourth quarter valued at approximately $185,000. CIBC Asset Management Inc purchased a new stake in shares of SiriusPoint in the fourth quarter valued at approximately $190,000. Finally, Longboard Asset Management LP purchased a new stake in shares of SiriusPoint in the fourth quarter valued at approximately $212,000. 52.79% of the stock is currently owned by hedge funds and other institutional investors.

SiriusPoint Trading Down 1.3 %

Shares of SiriusPoint stock opened at $14.00 on Wednesday. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 8.80 and a beta of 0.94. SiriusPoint Ltd. has a fifty-two week low of $11.27 and a fifty-two week high of $16.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a 50 day moving average of $14.71 and a 200 day moving average of $14.50.

SiriusPoint (NYSE:SPNT) last issued 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 return on equity of 12.91% and a net margin of 11.94%.

SiriusPoint 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.