American Century Companies Inc. Raises Stock Position in SiriusPoint Ltd. (NYSE:SPNT)

American Century Companies Inc. lifted its stake in SiriusPoint Ltd. (NYSE:SPNT) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,656,792 shares of the company’s stock after buying an additional 226,870 shares during the period. American Century Companies Inc. owned approximately 1.64% of SiriusPoint worth $43,545,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPNT. Smartleaf Asset Management LLC lifted its stake in 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 during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of SiriusPoint by 8.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 24,971 shares of the company’s stock valued at $409,000 after acquiring an additional 1,945 shares during the period. R Squared Ltd purchased a new stake in SiriusPoint in the 4th quarter valued at $35,000. KBC Group NV boosted its stake in SiriusPoint by 80.1% during the 4th quarter. KBC Group NV now owns 5,935 shares of the company’s stock worth $97,000 after purchasing an additional 2,640 shares during the period. Finally, Victory Capital Management Inc. grew its position in SiriusPoint by 5.9% during the 3rd quarter. Victory Capital Management Inc. now owns 57,420 shares of the company’s stock worth $823,000 after purchasing an additional 3,177 shares during the last quarter. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Stock Up 1.5 %

SPNT opened at $16.86 on Friday. SiriusPoint Ltd. has a 52 week low of $11.49 and a 52 week high of $16.91. The business has a 50 day moving average price of $14.79 and a two-hundred day moving average price of $14.59. 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 company has a market cap of $2.74 billion, a PE ratio of 17.56 and a beta of 0.87.

SiriusPoint (NYSE:SPNT) last released its quarterly 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). 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 Analysts Forecast Growth

Separately, DOWLING & PARTN raised shares of SiriusPoint from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.

Insiders Place Their Bets

In other SiriusPoint news, Director Daniel S. Loeb sold 4,106,631 shares of SiriusPoint stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $13.71, for a total value of $56,301,911.01. Following the sale, the director now owns 9,428,008 shares of the company’s stock, valued at approximately $129,257,989.68. The trade was a 30.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.32% of the stock is owned by insiders.

SiriusPoint Company 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.