SiriusPoint Ltd. (NYSE:SPNT) Shares Acquired by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. increased its stake in SiriusPoint Ltd. (NYSE:SPNT) by 34.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,734,385 shares of the company’s stock after acquiring an additional 1,453,489 shares during the period. SiriusPoint makes up about 1.7% of Donald Smith & CO. Inc.’s holdings, making the stock its 25th largest holding. Donald Smith & CO. Inc. owned about 3.42% of SiriusPoint worth $66,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bfsg LLC purchased a new stake in SiriusPoint in the third quarter valued at $491,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of SiriusPoint by 41.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,035 shares of the company’s stock valued at $529,000 after acquiring an additional 15,314 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of SiriusPoint by 31.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,951 shares of the company’s stock worth $142,000 after acquiring an additional 3,339 shares during the last quarter. Syon Capital LLC acquired a new position in shares of SiriusPoint in the 3rd quarter valued at $307,000. Finally, Capula Management Ltd purchased a new stake in SiriusPoint in the 3rd quarter valued at $1,074,000. 52.79% of the stock is currently owned by hedge funds and other institutional investors.

SiriusPoint Stock Performance

SiriusPoint stock traded down $0.07 during midday trading on Monday, hitting $12.01. 477,983 shares of the company’s stock were exchanged, compared to its average volume of 637,057. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 6.13 and a beta of 0.96. SiriusPoint Ltd. has a 12-month low of $8.39 and a 12-month high of $13.03. The firm’s 50 day simple moving average is $12.24 and its 200 day simple moving average is $11.44.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.50 earnings per share (EPS) for the quarter. The firm had revenue of $645.80 million for the quarter. SiriusPoint had a return on equity of 17.48% and a net margin of 13.28%.

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.