New York State Teachers Retirement System Sells 1,053 Shares of SiriusPoint Ltd. (NYSE:SPNT)

New York State Teachers Retirement System decreased its stake in SiriusPoint Ltd. (NYSE:SPNT) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,311 shares of the company’s stock after selling 1,053 shares during the period. New York State Teachers Retirement System’s holdings in SiriusPoint were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SPNT. Empowered Funds LLC boosted its position in SiriusPoint by 1.5% during the fourth quarter. Empowered Funds LLC now owns 718,840 shares of the company’s stock valued at $11,782,000 after acquiring an additional 10,758 shares during the last quarter. Longboard Asset Management LP acquired a new position in shares of SiriusPoint in the 4th quarter valued at about $212,000. R Squared Ltd bought a new stake in shares of SiriusPoint during the 4th quarter valued at about $35,000. KBC Group NV grew its stake in SiriusPoint by 80.1% during the fourth quarter. KBC Group NV now owns 5,935 shares of the company’s stock worth $97,000 after purchasing an additional 2,640 shares during the period. Finally, Flagship Harbor Advisors LLC grew its stake in SiriusPoint by 8.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 24,971 shares of the company’s stock worth $409,000 after purchasing an additional 1,945 shares during the period. 52.79% of the stock is currently owned by institutional investors.

SiriusPoint Price Performance

Shares of SPNT opened at $14.30 on Tuesday. The firm has a market cap of $2.32 billion, a PE ratio of 14.89 and a beta of 0.94. SiriusPoint Ltd. has a 52-week low of $11.48 and a 52-week high of $16.50. The business’s 50 day moving average price is $14.59 and its two-hundred day moving average price is $14.50. 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 released its earnings results on Tuesday, February 18th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.49). The company had revenue of $612.80 million for the quarter. SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%.

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.