XTX Topco Ltd Purchases Shares of 27,670 SiriusPoint Ltd. (NYSE:SPNT)

XTX Topco Ltd bought a new position in SiriusPoint Ltd. (NYSE:SPNT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,670 shares of the company’s stock, valued at approximately $454,000.

Several other hedge funds have also modified their holdings of SPNT. Donald Smith & CO. Inc. lifted its holdings in shares of SiriusPoint by 12.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 7,887,887 shares of the company’s stock valued at $129,282,000 after purchasing an additional 900,209 shares in the last quarter. Wellington Management Group LLP boosted its position in SiriusPoint by 8.5% during the 4th quarter. Wellington Management Group LLP now owns 10,694,214 shares of the company’s stock worth $175,278,000 after acquiring an additional 838,262 shares during the period. American Century Companies Inc. grew its stake in SiriusPoint by 9.3% during the 4th quarter. American Century Companies Inc. now owns 2,656,792 shares of the company’s stock valued at $43,545,000 after acquiring an additional 226,870 shares in the last quarter. ExodusPoint Capital Management LP increased its holdings in shares of SiriusPoint by 1,946.2% in the 4th quarter. ExodusPoint Capital Management LP now owns 206,606 shares of the company’s stock valued at $3,386,000 after purchasing an additional 196,509 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of SiriusPoint by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 11,035,872 shares of the company’s stock worth $180,878,000 after purchasing an additional 144,963 shares in the last quarter. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Stock Performance

SPNT stock opened at $15.98 on Tuesday. The firm has a 50 day moving average of $15.51 and a two-hundred day moving average of $14.90. SiriusPoint Ltd. has a 12 month low of $11.54 and a 12 month high of $17.99. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 16.65 and a beta of 0.72. 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 posted its earnings results on Tuesday, February 18th. The company reported ($0.13) EPS 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 for the quarter.

Analysts Set New Price Targets

SPNT has been the subject of a number of research analyst reports. DOWLING & PARTN upgraded shares of SiriusPoint from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Jefferies Financial Group assumed coverage on SiriusPoint in a research note on Tuesday, April 15th. They issued a “hold” rating and a $17.00 target price on the stock.

Insider Activity

In related news, Director Daniel S. Loeb sold 4,106,631 shares of the firm’s 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. 10.32% of the stock is currently owned by insiders.

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.