Barclays PLC Buys 4,448 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Barclays PLC raised its stake in SiriusPoint Ltd. (NYSE:SPNT) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,566 shares of the company’s stock after buying an additional 4,448 shares during the quarter. Barclays PLC’s holdings in SiriusPoint were worth $387,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of SiriusPoint by 3.9% in the third quarter. Vanguard Group Inc. now owns 9,792,592 shares of the company’s stock valued at $48,474,000 after purchasing an additional 364,725 shares during the last quarter. State Street Corp increased its holdings in SiriusPoint by 3.1% during the second quarter. State Street Corp now owns 3,238,049 shares of the company’s stock worth $17,550,000 after buying an additional 96,741 shares during the last quarter. Donald Smith & CO. Inc. increased its holdings in SiriusPoint by 60.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,788,977 shares of the company’s stock worth $16,455,000 after buying an additional 1,054,133 shares during the last quarter. Invesco Ltd. increased its holdings in SiriusPoint by 5.2% during the first quarter. Invesco Ltd. now owns 2,033,853 shares of the company’s stock worth $15,214,000 after buying an additional 100,031 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in SiriusPoint by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,635,489 shares of the company’s stock worth $9,649,000 after buying an additional 11,081 shares during the last quarter. Institutional investors own 59.83% of the company’s stock.

Insider Buying and Selling at SiriusPoint

In related news, Director Wei Han Tan acquired 17,054 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were purchased at an average cost of $8.92 per share, for a total transaction of $152,121.68. Following the completion of the acquisition, the director now directly owns 18,596 shares in the company, valued at $165,876.32. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 50.85% of the company’s stock.

SiriusPoint Price Performance

Shares of SPNT opened at $11.14 on Wednesday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 30.11 and a beta of 0.99. SiriusPoint Ltd. has a 1-year low of $4.36 and a 1-year high of $11.34. The company’s fifty day simple moving average is $9.63 and its 200 day simple moving average is $8.87. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.37.

SiriusPoint (NYSE:SPNT) last issued its earnings results on Wednesday, August 2nd. The company reported $0.37 earnings per share for the quarter. SiriusPoint had a net margin of 3.52% and a return on equity of 4.86%. The business had revenue of $767.90 million for the quarter.

SiriusPoint Company 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 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.