SiriusPoint (NYSE:SPNT) Trading Up 4.5%

Shares of SiriusPoint Ltd. (NYSE:SPNT) shot up 4.5% during mid-day trading on Wednesday . The stock traded as high as $14.71 and last traded at $14.71. 171,886 shares changed hands during trading, a decline of 70% from the average session volume of 575,513 shares. The stock had previously closed at $14.08.

SiriusPoint Price Performance

The stock has a 50-day simple moving average of $14.36 and a 200 day simple moving average of $13.13. The company has a market cap of $2.47 billion, a PE ratio of 8.61 and a beta of 0.93. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.26.

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

Institutional Trading of SiriusPoint

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. boosted its stake in shares of SiriusPoint by 15.7% in the first quarter. Donald Smith & CO. Inc. now owns 6,634,051 shares of the company’s stock valued at $84,319,000 after purchasing an additional 899,666 shares during the period. Hennessy Advisors Inc. acquired a new position in SiriusPoint during the 2nd quarter worth approximately $7,951,000. Assenagon Asset Management S.A. acquired a new stake in shares of SiriusPoint in the 2nd quarter valued at $5,470,000. American Century Companies Inc. lifted its position in shares of SiriusPoint by 18.5% during the 2nd quarter. American Century Companies Inc. now owns 2,093,696 shares of the company’s stock worth $25,543,000 after purchasing an additional 327,275 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in SiriusPoint by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 6,711,403 shares of the company’s stock valued at $81,880,000 after buying an additional 321,296 shares during the last quarter. Hedge funds and other institutional investors own 52.79% of the company’s stock.

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.