Teachers Retirement System of The State of Kentucky Buys 5,000 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Teachers Retirement System of The State of Kentucky increased its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 19.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,027 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in SiriusPoint were worth $509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SPNT. MetLife Investment Management LLC lifted its holdings in SiriusPoint by 4.9% in the 4th quarter. MetLife Investment Management LLC now owns 59,738 shares of the company’s stock worth $979,000 after buying an additional 2,783 shares during the period. Capital Research Global Investors lifted its holdings in SiriusPoint by 17.8% in the 4th quarter. Capital Research Global Investors now owns 6,300,000 shares of the company’s stock worth $103,257,000 after buying an additional 950,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of SiriusPoint by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,568,197 shares of the company’s stock valued at $124,018,000 after purchasing an additional 252,120 shares during the period. XTX Topco Ltd purchased a new position in shares of SiriusPoint in the 4th quarter valued at approximately $454,000. Finally, Mariner LLC lifted its stake in shares of SiriusPoint by 6.3% in the 4th quarter. Mariner LLC now owns 20,792 shares of the company’s stock valued at $341,000 after purchasing an additional 1,230 shares during the period. 52.79% of the stock is currently owned by institutional investors.

SiriusPoint Stock Performance

Shares of SPNT stock opened at $16.62 on Tuesday. SiriusPoint Ltd. has a one year low of $11.54 and a one year high of $17.99. The company’s 50-day moving average is $15.75 and its 200 day moving average is $15.01. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 17.31 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.56 and a current ratio of 0.57.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings data 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 net margin of 7.68% and a return on equity of 8.73%. The firm had revenue of $612.80 million for the quarter.

Analyst Upgrades and Downgrades

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

Insider Activity at SiriusPoint

In other news, Director Daniel S. Loeb sold 4,106,631 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 9,428,008 shares of the company’s stock, valued at $129,257,989.68. This trade represents a 30.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.32% of the stock is currently owned by 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.