Voya Investment Management LLC Sells 3,257 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Voya Investment Management LLC lessened its stake in SiriusPoint Ltd. (NYSE:SPNT) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,660 shares of the company’s stock after selling 3,257 shares during the quarter. Voya Investment Management LLC’s holdings in SiriusPoint were worth $634,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SPNT. R Squared Ltd bought a new stake in shares of SiriusPoint during the 4th quarter worth $35,000. Sterling Capital Management LLC lifted its holdings in shares of SiriusPoint by 742.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,714 shares of the company’s stock worth $44,000 after acquiring an additional 2,392 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake 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 valued at $53,000 after purchasing an additional 1,779 shares in the last quarter. Farther Finance Advisors LLC increased its position in SiriusPoint by 14,087.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company’s stock worth $53,000 after purchasing an additional 3,240 shares in the last quarter. Finally, KBC Group NV lifted its stake in SiriusPoint by 80.1% in the 4th 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 during the last quarter. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Stock Up 0.4 %

NYSE:SPNT opened at $19.35 on Friday. SiriusPoint Ltd. has a one year low of $11.92 and a one year high of $19.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.57 and a quick ratio of 0.56. The company has a market cap of $3.14 billion, a PE ratio of 20.16 and a beta of 0.81. The firm’s 50 day simple moving average is $16.30 and its 200 day simple moving average is $15.23.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.23. The company had revenue of $727.30 million for the quarter, compared to analysts’ expectations of $688.00 million. SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%.

Analyst Ratings Changes

A number of analysts have weighed in on SPNT shares. Jefferies Financial Group began coverage on shares of SiriusPoint in a research note on Tuesday, April 15th. They set a “hold” rating and a $17.00 target price on the stock. DOWLING & PARTN raised SiriusPoint from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.

Insider Transactions at SiriusPoint

In other news, Director Daniel S. Loeb sold 4,106,631 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 9,428,008 shares in the company, valued at $129,257,989.68. This represents a 30.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.70% of the stock is owned by corporate insiders.

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.