Wellington Management Group LLP Has $175.28 Million Position in SiriusPoint Ltd. (NYSE:SPNT)

Wellington Management Group LLP raised its position in SiriusPoint Ltd. (NYSE:SPNT) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,694,214 shares of the company’s stock after buying an additional 838,262 shares during the quarter. Wellington Management Group LLP owned 6.59% of SiriusPoint worth $175,278,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of SiriusPoint by 172.7% in the third quarter. Barclays PLC now owns 210,545 shares of the company’s stock valued at $3,018,000 after acquiring an additional 133,331 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of SiriusPoint by 1.4% during the 3rd quarter. Principal Financial Group Inc. now owns 516,241 shares of the company’s stock worth $7,403,000 after purchasing an additional 7,320 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of SiriusPoint by 5.3% during the third quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock worth $32,769,000 after purchasing an additional 115,868 shares during the period. 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 buying an additional 1,779 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of SiriusPoint in the fourth quarter valued at approximately $246,000. Institutional investors own 52.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DOWLING & PARTN upgraded SiriusPoint from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

SiriusPoint Stock Down 0.9 %

Shares of NYSE SPNT opened at $17.69 on Thursday. SiriusPoint Ltd. has a 52 week low of $11.49 and a 52 week high of $17.99. The stock’s fifty day moving average is $14.99 and its 200 day moving average is $14.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.56 and a current ratio of 0.57. The stock has a market capitalization of $2.87 billion, a P/E ratio of 18.43 and a beta of 0.87.

SiriusPoint (NYSE:SPNT) last issued its earnings results on Tuesday, February 18th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.49). The firm had revenue of $612.80 million during the quarter. SiriusPoint had a net margin of 7.68% and a return on equity of 8.73%.

Insiders Place Their Bets

In related news, Director Daniel S. Loeb sold 4,106,631 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 9,428,008 shares in the company, valued at $129,257,989.68. This represents a 30.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.32% of the company’s stock.

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.