Oregon Public Employees Retirement Fund Sells 1,200 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Oregon Public Employees Retirement Fund cut its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm owned 21,716 shares of the company’s stock after selling 1,200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in SiriusPoint were worth $356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its position in shares of SiriusPoint by 4.8% in the 3rd quarter. State Street Corp now owns 3,578,129 shares of the company’s stock worth $51,310,000 after acquiring an additional 162,959 shares in the last quarter. Geode Capital Management LLC raised its position in shares of SiriusPoint by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock worth $32,769,000 after acquiring an additional 115,868 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of SiriusPoint by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 883,749 shares of the company’s stock worth $12,673,000 after acquiring an additional 63,186 shares in the last quarter. Hennessy Advisors Inc. raised its position in shares of SiriusPoint by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 784,105 shares of the company’s stock worth $12,851,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of SiriusPoint by 17.9% in the 4th quarter. Bank of New York Mellon Corp now owns 738,540 shares of the company’s stock worth $12,105,000 after acquiring an additional 112,119 shares in the last quarter. 52.79% of the stock is owned by institutional investors.

Insider Activity at SiriusPoint

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

SiriusPoint Trading Up 0.9 %

SPNT opened at $15.35 on Monday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 15.99 and a beta of 0.94. The company has a current ratio of 0.57, a quick ratio of 0.56 and a debt-to-equity ratio of 0.37. SiriusPoint Ltd. has a 12 month low of $11.48 and a 12 month high of $16.50. The stock has a fifty day moving average price of $14.62 and a 200-day moving average price of $14.51.

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). The company had revenue of $612.80 million during the quarter. SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%.

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.