SiriusPoint Ltd. (NYSE:SPNT) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 7.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 23,013 shares of the company’s stock after selling 1,868 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SiriusPoint were worth $267,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in SiriusPoint by 41.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,035 shares of the company’s stock worth $529,000 after acquiring an additional 15,314 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of SiriusPoint by 31.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,951 shares of the company’s stock worth $142,000 after purchasing an additional 3,339 shares during the period. Syon Capital LLC acquired a new stake in shares of SiriusPoint during the 3rd quarter worth about $307,000. Capula Management Ltd purchased a new stake in SiriusPoint in the 3rd quarter valued at about $1,074,000. Finally, Victory Capital Management Inc. acquired a new position in SiriusPoint in the third quarter valued at about $155,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Trading Up 1.5 %

Shares of SPNT stock opened at $12.09 on Monday. SiriusPoint Ltd. has a 1-year low of $8.39 and a 1-year high of $13.03. The firm has a market cap of $2.06 billion, a PE ratio of 7.20 and a beta of 0.95. The company has a 50-day moving average of $12.25 and a two-hundred day moving average of $11.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.58 and a quick ratio of 0.58.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.50 earnings per share for the quarter. SiriusPoint had a net margin of 11.57% and a return on equity of 14.59%. The firm had revenue of $645.80 million during the quarter.

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.