Bank of Montreal Can Boosts Stake in SiriusPoint Ltd. (NYSE:SPNT)

Bank of Montreal Can lifted its holdings in SiriusPoint Ltd. (NYSE:SPNT) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,013 shares of the company’s stock after acquiring an additional 1,393 shares during the period. Bank of Montreal Can’s holdings in SiriusPoint were worth $295,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in SiriusPoint during the 4th quarter valued at $35,000. Smartleaf Asset Management LLC lifted its holdings in SiriusPoint by 122.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,236 shares of the company’s stock worth $53,000 after buying an additional 1,779 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in 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 purchasing an additional 3,240 shares during the period. KBC Group NV grew its position in shares of SiriusPoint by 80.1% during the 4th 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 last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of SiriusPoint during the 4th quarter worth approximately $185,000. 52.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $13.71, for a total value of $56,301,911.01. Following the completion of the sale, the director now owns 9,428,008 shares in the company, valued at $129,257,989.68. This represents a 30.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.32% of the stock is currently owned by corporate insiders.

SiriusPoint Price Performance

SPNT opened at $16.58 on Thursday. SiriusPoint Ltd. has a 12-month low of $11.54 and a 12-month high of $17.99. The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $2.69 billion, a P/E ratio of 17.27 and a beta of 0.72. The stock has a fifty day moving average of $15.60 and a 200-day moving average of $14.92.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.49). The business had revenue of $612.80 million for the quarter. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. DOWLING & PARTN upgraded shares of SiriusPoint from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Jefferies Financial Group started coverage on shares of SiriusPoint in a report on Tuesday, April 15th. They set a “hold” rating and a $17.00 target price for the company.

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.