Mariner LLC Has $341,000 Stock Holdings in SiriusPoint Ltd. (NYSE:SPNT)

Mariner LLC lifted its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,792 shares of the company’s stock after purchasing an additional 1,230 shares during the quarter. Mariner LLC’s holdings in SiriusPoint were worth $341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SPNT. R Squared Ltd acquired a new position in shares of SiriusPoint during the 4th quarter valued at about $35,000. Sterling Capital Management LLC grew its holdings in SiriusPoint by 742.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,714 shares of the company’s stock valued at $44,000 after purchasing an additional 2,392 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of SiriusPoint by 122.1% in 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 period. Farther Finance Advisors LLC lifted its stake in shares of 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 buying an additional 3,240 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of SiriusPoint by 80.1% in the fourth quarter. KBC Group NV now owns 5,935 shares of the company’s stock worth $97,000 after buying an additional 2,640 shares during the last quarter. Institutional investors own 52.79% of the company’s stock.

Insider Buying and Selling at SiriusPoint

In other 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 transaction of $56,301,911.01. Following the sale, the director now directly owns 9,428,008 shares in the company, valued at approximately $129,257,989.68. The trade was a 30.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 11.70% of the company’s stock.

SiriusPoint Trading Up 5.8 %

Shares of SPNT stock opened at $17.92 on Friday. The firm has a market capitalization of $2.91 billion, a P/E ratio of 18.67 and a beta of 0.72. SiriusPoint Ltd. has a 1 year low of $11.92 and a 1 year high of $18.00. The firm’s fifty day simple moving average is $15.99 and its 200 day simple moving average is $15.09. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 0.37.

SiriusPoint (NYSE:SPNT) last posted 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). SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%. The company had revenue of $612.80 million for the quarter.

Wall Street Analyst Weigh In

Several research analysts recently commented on SPNT shares. Jefferies Financial Group initiated coverage on shares of SiriusPoint in a report on Tuesday, April 15th. They issued a “hold” rating and a $17.00 target price on the stock. DOWLING & PARTN upgraded 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.