Renaissance Technologies LLC Buys 96,687 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Renaissance Technologies LLC increased its stake in SiriusPoint Ltd. (NYSE:SPNT) by 73.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,987 shares of the company’s stock after purchasing an additional 96,687 shares during the period. Renaissance Technologies LLC’s holdings in SiriusPoint were worth $3,737,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in SiriusPoint in the fourth quarter valued at approximately $35,000. Smartleaf Asset Management LLC boosted its position 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 purchasing an additional 1,779 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of SiriusPoint by 14,087.0% during the fourth 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 during the period. KBC Group NV lifted its stake in SiriusPoint by 80.1% in the fourth quarter. KBC Group NV now owns 5,935 shares of the company’s stock valued at $97,000 after buying an additional 2,640 shares during the period. Finally, SG Americas Securities LLC acquired a new position in SiriusPoint in the fourth quarter valued at about $185,000. Institutional investors and hedge funds own 52.79% of the company’s stock.

SiriusPoint Stock Performance

SPNT stock opened at $16.42 on Wednesday. SiriusPoint Ltd. has a 1-year low of $11.54 and a 1-year high of $17.99. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 0.37. The firm has a market cap of $2.66 billion, a PE ratio of 17.10 and a beta of 0.72. The business’s 50-day moving average price is $15.55 and its two-hundred day moving average price is $14.91.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data 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 business had revenue of $612.80 million during the quarter. SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%.

Insider Transactions at SiriusPoint

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of the business’s 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 sale, the director now owns 9,428,008 shares in the company, valued at approximately $129,257,989.68. The trade was a 30.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 10.32% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on SPNT. Jefferies Financial Group assumed coverage on SiriusPoint in a research note on Tuesday, April 15th. They issued a “hold” rating and a $17.00 price target for the company. DOWLING & PARTN raised shares of SiriusPoint from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

SiriusPoint 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.