SiriusPoint Ltd. (NYSE:SPNT) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 3,201.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,713 shares of the company’s stock after purchasing an additional 73,420 shares during the period. GAMMA Investing LLC’s holdings in SiriusPoint were worth $1,309,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Northern Trust Corp boosted its stake in SiriusPoint by 9.1% during the fourth quarter. Northern Trust Corp now owns 1,059,021 shares of the company’s stock valued at $17,357,000 after buying an additional 88,296 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 buying an additional 1,779 shares in the last quarter. Millennium Management LLC bought a new position in SiriusPoint during the fourth quarter valued at about $1,967,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in SiriusPoint by 17.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 198,852 shares of the company’s stock valued at $3,259,000 after buying an additional 28,918 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in SiriusPoint during the fourth quarter valued at about $246,000. Institutional investors own 52.79% of the company’s stock.

Insider Activity at SiriusPoint

In other SiriusPoint news, Director La Gueronniere Rafe De sold 30,000 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $19.55, for a total transaction of $586,500.00. Following the completion of the sale, the director now directly owns 127,578 shares in the company, valued at approximately $2,494,149.90. This trade represents a 19.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SPNT shares. Wall Street Zen raised SiriusPoint from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 24th. DOWLING & PARTN raised SiriusPoint from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, Jefferies Financial Group started coverage on SiriusPoint in a research note on Tuesday, April 15th. They set a “hold” rating and a $17.00 target price for the company.

SiriusPoint Trading Down 1.3%

NYSE:SPNT opened at $19.36 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 0.37. SiriusPoint Ltd. has a 1-year low of $11.92 and a 1-year high of $19.87. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 20.17 and a beta of 0.86. The stock has a fifty day simple moving average of $18.20 and a 200 day simple moving average of $16.17.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings results on Monday, May 5th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.23. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%. The business had revenue of $727.30 million during the quarter, compared to analyst estimates of $688.00 million.

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.