Voya Investment Management LLC Sells 3,257 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Voya Investment Management LLC trimmed its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 7.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,660 shares of the company’s stock after selling 3,257 shares during the period. Voya Investment Management LLC’s holdings in SiriusPoint were worth $634,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPNT. Price T Rowe Associates Inc. MD lifted its position in shares of SiriusPoint by 481.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 317,560 shares of the company’s stock valued at $5,206,000 after acquiring an additional 262,981 shares during the period. Quantessence Capital LLC acquired a new stake in shares of SiriusPoint in the 4th quarter valued at about $183,000. Tower Research Capital LLC TRC raised its stake in SiriusPoint by 25.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,568 shares of the company’s stock worth $173,000 after buying an additional 2,115 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in SiriusPoint by 19.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 31,027 shares of the company’s stock worth $509,000 after acquiring an additional 5,000 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in SiriusPoint by 4.9% in the fourth quarter. MetLife Investment Management LLC now owns 59,738 shares of the company’s stock valued at $979,000 after acquiring an additional 2,783 shares during the period. 52.79% of the stock is currently owned by institutional investors.

SiriusPoint Price Performance

SPNT stock opened at $19.35 on Friday. 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 business has a 50-day simple moving average of $16.30 and a two-hundred day simple moving average of $15.23. The company has a market capitalization of $3.14 billion, a P/E ratio of 20.16 and a beta of 0.81. SiriusPoint Ltd. has a 52-week low of $11.92 and a 52-week high of $19.74.

SiriusPoint (NYSE:SPNT) last announced its earnings results on Monday, May 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.23. The company had revenue of $727.30 million for the quarter, compared to analysts’ expectations of $688.00 million. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%.

Insider Transactions at SiriusPoint

In other news, Director Daniel S. Loeb sold 4,106,631 shares of the business’s 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 transaction, the director now owns 9,428,008 shares in the company, valued at $129,257,989.68. The trade was a 30.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SPNT shares. DOWLING & PARTN raised SiriusPoint from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Jefferies Financial Group initiated coverage on shares of SiriusPoint in a report on Tuesday, April 15th. They set a “hold” rating and a $17.00 price objective on the stock.

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.