Victory Capital Management Inc. Increases Stake in SiriusPoint Ltd. (NYSE:SPNT)

Victory Capital Management Inc. increased its position in SiriusPoint Ltd. (NYSE:SPNT) by 73.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 54,243 shares of the company’s stock after purchasing an additional 23,027 shares during the period. Victory Capital Management Inc.’s holdings in SiriusPoint were worth $662,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in SiriusPoint by 84.7% in the 2nd quarter. CWM LLC now owns 2,289 shares of the company’s stock worth $28,000 after purchasing an additional 1,050 shares during the period. Bayesian Capital Management LP bought a new position in SiriusPoint in the 1st quarter worth about $127,000. SG Americas Securities LLC bought a new position in SiriusPoint in the 1st quarter worth about $142,000. AXS Investments LLC bought a new position in SiriusPoint in the 4th quarter worth about $163,000. Finally, Summit Global Investments bought a new position in SiriusPoint in the 2nd quarter worth about $166,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

Shares of NYSE SPNT opened at $14.25 on Monday. SiriusPoint Ltd. has a 52 week low of $9.43 and a 52 week high of $15.16. The business has a 50-day simple moving average of $14.28 and a two-hundred day simple moving average of $13.08. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.43 billion, a P/E ratio of 8.48 and a beta of 0.93.

SiriusPoint (NYSE:SPNT) last issued its earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter. The business had revenue of $743.30 million during the quarter. SiriusPoint had a return on equity of 15.78% and a net margin of 13.24%.

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.