Louisiana State Employees Retirement System acquired a new position in shares of SiriusPoint Ltd. (NYSE:SPNT – Free Report) in the fourth quarter, Holdings Channel reports. The fund acquired 45,300 shares of the company’s stock, valued at approximately $525,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in SiriusPoint by 14.4% in the third quarter. Wellington Management Group LLP now owns 8,770,542 shares of the company’s stock worth $89,196,000 after purchasing an additional 1,102,466 shares in the last quarter. American Century Companies Inc. grew its stake in shares of SiriusPoint by 30.3% in the 3rd quarter. American Century Companies Inc. now owns 1,037,426 shares of the company’s stock valued at $10,551,000 after purchasing an additional 241,339 shares during the period. Capula Management Ltd acquired a new position in shares of SiriusPoint in the 3rd quarter worth approximately $1,074,000. Swiss National Bank lifted its position in shares of SiriusPoint by 1.3% during the 3rd quarter. Swiss National Bank now owns 197,000 shares of the company’s stock worth $2,003,000 after buying an additional 2,500 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new position in shares of SiriusPoint during the 3rd quarter worth approximately $5,084,000. 52.79% of the stock is owned by institutional investors.
SiriusPoint Stock Performance
Shares of NYSE:SPNT opened at $12.01 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.58 and a quick ratio of 0.58. The business’s fifty day moving average price is $12.24 and its two-hundred day moving average price is $11.45. SiriusPoint Ltd. has a fifty-two week low of $8.39 and a fifty-two week high of $13.03. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 6.10 and a beta of 0.96.
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.
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