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 lifted its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 19.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,027 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in SiriusPoint were worth $509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of SiriusPoint by 172.7% in the 3rd 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 last quarter. Principal Financial Group Inc. raised its holdings in shares of SiriusPoint by 1.4% in the 3rd 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 last quarter. Smartleaf Asset Management LLC raised its holdings in shares of SiriusPoint by 122.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company’s stock worth $53,000 after acquiring an additional 1,779 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of SiriusPoint in the 4th quarter worth about $246,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in SiriusPoint in the 4th quarter valued at about $377,000. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Trading Up 0.5 %

Shares of SPNT stock opened at $16.62 on Tuesday. The company has a 50 day moving average of $15.75 and a 200-day moving average of $15.01. 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 $11.54 and a 12-month high of $17.99. The firm has a market cap of $2.70 billion, a P/E ratio of 17.31 and a beta of 0.72.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of SiriusPoint in a research note on Tuesday, April 15th. They issued a “hold” rating and a $17.00 price objective for the company. DOWLING & PARTN upgraded shares of SiriusPoint from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

Insider Buying and Selling

In related news, Director Daniel S. Loeb sold 4,106,631 shares of the stock in a transaction dated Thursday, February 27th. The stock was 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 approximately $129,257,989.68. This represents a 30.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.