SG Americas Securities LLC trimmed its holdings in SiriusPoint Ltd. (NYSE:SPNT – Get Rating) by 30.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,117 shares of the company’s stock after selling 40,745 shares during the quarter. SG Americas Securities LLC owned about 0.06% of SiriusPoint worth $704,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors raised its holdings in SiriusPoint by 26.1% during the fourth quarter. Capital Research Global Investors now owns 8,600,000 shares of the company’s stock worth $69,918,000 after purchasing an additional 1,780,000 shares in the last quarter. Private Management Group Inc. lifted its holdings in SiriusPoint by 33.3% in the 4th quarter. Private Management Group Inc. now owns 4,280,392 shares of the company’s stock valued at $34,800,000 after acquiring an additional 1,068,349 shares during the last quarter. Invesco Ltd. raised its holdings in shares of SiriusPoint by 37.1% in the 4th quarter. Invesco Ltd. now owns 1,933,822 shares of the company’s stock worth $15,723,000 after purchasing an additional 523,514 shares in the last quarter. Northern Trust Corp boosted its holdings in SiriusPoint by 1.1% during the fourth quarter. Northern Trust Corp now owns 978,944 shares of the company’s stock worth $7,958,000 after buying an additional 10,683 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in SiriusPoint in the fourth quarter worth approximately $3,964,000. 46.78% of the stock is currently owned by institutional investors and hedge funds.
SiriusPoint Price Performance
NYSE SPNT opened at $4.16 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. SiriusPoint Ltd. has a 1 year low of $4.20 and a 1 year high of $10.18. The company has a market cap of $674.75 million, a PE ratio of -1.88 and a beta of 0.95. The stock’s 50-day moving average price is $5.16 and its two-hundred day moving average price is $6.51.
Wall Street Analysts Forecast Growth
Separately, TheStreet cut SiriusPoint from a “c” rating to a “d+” rating in a report on Friday, May 6th.
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 coverage to various product lines, which includes aviation and space, casualty, contingency, credit and bond, marine and energy, mortgage, and property to insurance and reinsurance companies, government entities, and other risk bearing vehicles.
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