Assenagon Asset Management S.A. Sells 27,473 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Assenagon Asset Management S.A. lessened its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 420,919 shares of the company’s stock after selling 27,473 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.25% of SiriusPoint worth $6,036,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SPNT. Seven Grand Managers LLC bought a new stake in shares of SiriusPoint in the 3rd quarter valued at about $3,370,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in SiriusPoint in the second quarter valued at approximately $1,013,000. The Manufacturers Life Insurance Company grew its holdings in SiriusPoint by 28.7% in the second quarter. The Manufacturers Life Insurance Company now owns 52,382 shares of the company’s stock worth $639,000 after purchasing an additional 11,673 shares during the last quarter. Maverick Capital Ltd. increased its position in shares of SiriusPoint by 264.9% during the second quarter. Maverick Capital Ltd. now owns 92,070 shares of the company’s stock worth $1,123,000 after purchasing an additional 66,841 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of SiriusPoint by 156.2% during the 2nd quarter. AQR Capital Management LLC now owns 333,422 shares of the company’s stock valued at $4,068,000 after purchasing an additional 203,288 shares during the last quarter. 52.79% of the stock is currently owned by hedge funds and other institutional investors.

SiriusPoint Stock Up 0.7 %

Shares of SPNT stock opened at $13.58 on Tuesday. The stock’s fifty day moving average price is $14.13 and its 200 day moving average price is $13.33. SiriusPoint Ltd. has a 1-year low of $9.43 and a 1-year high of $15.16. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 7.22 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.55 and a quick ratio of 0.55.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter. The business had revenue of $743.30 million for 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.