SiriusPoint Ltd. (NYSE:SPNT) Director Daniel S. Loeb Sells 4,106,631 Shares

SiriusPoint Ltd. (NYSE:SPNT) Director Daniel S. Loeb sold 4,106,631 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were 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 approximately $129,257,989.68. This trade represents a 30.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

SiriusPoint Stock Up 0.9 %

Shares of SiriusPoint stock opened at $15.35 on Friday. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 15.99 and a beta of 0.95. The company’s 50 day moving average is $14.62 and its 200 day moving average is $14.51. SiriusPoint Ltd. has a twelve month low of $11.48 and a twelve month high of $16.50. 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 (NYSE:SPNT) last released its quarterly earnings results 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 8.73% and a net margin of 7.68%. The business had revenue of $612.80 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its position in SiriusPoint by 172.7% in the third 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 period. Geode Capital Management LLC raised its position in SiriusPoint by 5.3% in the third quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock worth $32,769,000 after acquiring an additional 115,868 shares during the period. Principal Financial Group Inc. raised its position in SiriusPoint by 1.4% in the third quarter. Principal Financial Group Inc. now owns 516,241 shares of the company’s stock worth $7,403,000 after acquiring an additional 7,320 shares during the period. Victory Capital Management Inc. raised its position in SiriusPoint by 5.9% in the third quarter. Victory Capital Management Inc. now owns 57,420 shares of the company’s stock worth $823,000 after acquiring an additional 3,177 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in SiriusPoint by 1.7% in the third quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the company’s stock worth $675,000 after acquiring an additional 800 shares during the period. 52.79% of the stock is currently owned by institutional investors.

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.