Yousif Capital Management LLC Decreases Stock Position in SiriusPoint Ltd. (NYSE:SPNT)

Yousif Capital Management LLC lowered its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 1.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 34,281 shares of the company’s stock after selling 670 shares during the period. Yousif Capital Management LLC’s holdings in SiriusPoint were worth $593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northern Trust Corp raised its holdings in SiriusPoint by 9.1% in the 4th quarter. Northern Trust Corp now owns 1,059,021 shares of the company’s stock worth $17,357,000 after purchasing an additional 88,296 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of SiriusPoint by 122.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company’s stock valued at $53,000 after acquiring an additional 1,779 shares during the last quarter. Millennium Management LLC bought a new position in SiriusPoint during the fourth quarter valued at $1,967,000. Jane Street Group LLC lifted its holdings in shares of SiriusPoint by 42.7% in the 4th quarter. Jane Street Group LLC now owns 61,976 shares of the company’s stock valued at $1,016,000 after acquiring an additional 18,531 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of SiriusPoint by 79.7% in the 4th quarter. Deutsche Bank AG now owns 90,819 shares of the company’s stock valued at $1,489,000 after purchasing an additional 40,283 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 La Gueronniere Rafe De sold 30,000 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $19.55, for a total transaction of $586,500.00. Following the transaction, the director now directly owns 127,578 shares of the company’s stock, valued at approximately $2,494,149.90. This represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 11.70% of the company’s stock.

SiriusPoint Price Performance

NYSE SPNT opened at $19.25 on Friday. The company has a market cap of $2.24 billion, a PE ratio of 20.05 and a beta of 0.86. The firm’s 50 day moving average price is $18.55 and its 200-day moving average price is $16.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.60 and a current ratio of 0.60. SiriusPoint Ltd. has a 52-week low of $11.96 and a 52-week high of $20.00.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data 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 7.78% and a net margin of 6.30%. The company had revenue of $727.30 million for the quarter, compared to the consensus estimate of $688.00 million.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SPNT. Wall Street Zen upgraded shares of SiriusPoint from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 24th. Jefferies Financial Group assumed coverage on SiriusPoint in a report on Tuesday, April 15th. They issued a “hold” rating and a $17.00 price target for the company. Finally, DOWLING & PARTN upgraded SiriusPoint from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.

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.