Donald Smith & CO. Inc. boosted its stake in SiriusPoint Ltd. (NYSE:SPNT – Free Report) by 14.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,184,528 shares of the company’s stock after acquiring an additional 395,551 shares during the quarter. Donald Smith & CO. Inc. owned 1.95% of SiriusPoint worth $25,890,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of SiriusPoint by 3.8% in the first quarter. Geode Capital Management LLC now owns 1,697,068 shares of the company’s stock valued at $13,797,000 after purchasing an additional 61,579 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in SiriusPoint by 4.6% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,536,081 shares of the company’s stock worth $12,488,000 after buying an additional 66,900 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of SiriusPoint by 0.6% during the first quarter. AQR Capital Management LLC now owns 191,293 shares of the company’s stock valued at $1,555,000 after acquiring an additional 1,122 shares during the last quarter. Two Sigma Advisers LP raised its stake in SiriusPoint by 28.7% in the 1st quarter. Two Sigma Advisers LP now owns 346,500 shares of the company’s stock valued at $2,817,000 after purchasing an additional 77,300 shares during the last quarter. Finally, Advisor Partners II LLC lifted its holdings in SiriusPoint by 19.0% in the 1st quarter. Advisor Partners II LLC now owns 17,386 shares of the company’s stock valued at $141,000 after purchasing an additional 2,772 shares in the last quarter. Hedge funds and other institutional investors own 59.83% of the company’s stock.
Insider Buying and Selling
In related news, Director Wei Han Tan bought 17,054 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was bought at an average cost of $8.92 per share, for a total transaction of $152,121.68. Following the acquisition, the director now directly owns 18,596 shares in the company, valued at $165,876.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 50.85% of the stock is currently owned by company insiders.
SiriusPoint Price Performance
SiriusPoint stock opened at $10.43 on Wednesday. The company has a fifty day simple moving average of $9.98 and a 200-day simple moving average of $9.12. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 28.18 and a beta of 0.96. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.37. SiriusPoint Ltd. has a 52-week low of $4.41 and a 52-week high of $11.34.
SiriusPoint (NYSE:SPNT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $767.90 million during the quarter. SiriusPoint had a net margin of 3.52% and a return on equity of 4.86%.
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 coverage to various product lines, which includes aviation and space, casualty, contingency, credit and bond, marine and energy, mortgage, and property to insurance and reinsurance companies, government entities, and other risk bearing vehicles.
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