SiriusPoint Ltd. (NYSE:SPNT) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its position in SiriusPoint Ltd. (NYSE:SPNT) by 286.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 656,058 shares of the company’s stock after purchasing an additional 486,323 shares during the quarter. Federated Hermes Inc.’s holdings in SiriusPoint were worth $7,610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SPNT. Everence Capital Management Inc. purchased a new stake in shares of SiriusPoint in the 3rd quarter valued at approximately $107,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of SiriusPoint in the 3rd quarter valued at approximately $123,000. Bfsg LLC purchased a new stake in shares of SiriusPoint in the 3rd quarter valued at approximately $491,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of SiriusPoint by 41.7% in the 3rd 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. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of SiriusPoint by 31.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,951 shares of the company’s stock valued at $142,000 after acquiring an additional 3,339 shares during the period. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Price Performance

SiriusPoint stock opened at $12.20 on Thursday. The company’s 50 day simple moving average is $12.25 and its 200-day simple moving average is $11.40. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 6.19 and a beta of 0.96. SiriusPoint Ltd. has a 1 year low of $8.39 and a 1 year high of $13.03. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.58.

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 business had revenue of $645.80 million for the quarter. SiriusPoint had a net margin of 13.28% and a return on equity of 17.48%.

SiriusPoint 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.