Natixis Advisors LLC Cuts Stake in SiriusPoint Ltd. (NYSE:SPNT)

Natixis Advisors LLC trimmed its position in SiriusPoint Ltd. (NYSE:SPNT) by 13.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,218 shares of the company’s stock after selling 2,058 shares during the quarter. Natixis Advisors LLC’s holdings in SiriusPoint were worth $217,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in SiriusPoint during the 4th quarter valued at $35,000. Smartleaf Asset Management LLC increased its stake in SiriusPoint by 122.1% during the fourth 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 during the last quarter. Farther Finance Advisors LLC lifted its holdings in SiriusPoint by 14,087.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company’s stock worth $53,000 after acquiring an additional 3,240 shares during the last quarter. KBC Group NV boosted its holdings in shares of SiriusPoint by 80.1% during the fourth quarter. KBC Group NV now owns 5,935 shares of the company’s stock valued at $97,000 after acquiring an additional 2,640 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of SiriusPoint during the fourth quarter valued at approximately $185,000. 52.79% of the stock is currently owned by hedge funds and other institutional investors.

SiriusPoint Trading Up 1.4 %

Shares of NYSE:SPNT opened at $17.10 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.56 and a current ratio of 0.57. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 17.81 and a beta of 0.87. The company has a 50 day moving average price of $14.83 and a 200 day moving average price of $14.61. SiriusPoint Ltd. has a 1-year low of $11.49 and a 1-year high of $17.26.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.13) earnings per share 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 firm had revenue of $612.80 million for the quarter.

Analyst Ratings Changes

Separately, DOWLING & PARTN raised shares of SiriusPoint from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

Insider Buying and Selling at SiriusPoint

In related news, Director Daniel S. Loeb sold 4,106,631 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $13.71, for a total value of $56,301,911.01. Following the transaction, the director now owns 9,428,008 shares in the company, valued at approximately $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 accessible through this link. Company insiders own 10.32% of the company’s stock.

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.