Charles Schwab Investment Management Inc. Increases Holdings in SiriusPoint Ltd. (NYSE:SPNT)

Charles Schwab Investment Management Inc. lifted its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 7.7% during the third quarter, HoldingsChannel.com reports. The firm owned 883,749 shares of the company’s stock after purchasing an additional 63,186 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SiriusPoint were worth $12,673,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SPNT. Intech Investment Management LLC bought a new stake in shares of SiriusPoint during the 3rd quarter valued at about $1,705,000. Empowered Funds LLC lifted its stake in SiriusPoint by 5.7% during the third quarter. Empowered Funds LLC now owns 708,082 shares of the company’s stock worth $10,154,000 after purchasing an additional 38,267 shares during the last quarter. Royce & Associates LP grew its holdings in shares of SiriusPoint by 65.4% during the 3rd quarter. Royce & Associates LP now owns 132,883 shares of the company’s stock valued at $1,906,000 after purchasing an additional 52,565 shares during the last quarter. Victory Capital Management Inc. lifted its stake in SiriusPoint by 5.9% in the third quarter. Victory Capital Management Inc. now owns 57,420 shares of the company’s stock worth $823,000 after purchasing an additional 3,177 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in SiriusPoint by 1.4% during the third quarter. Principal Financial Group Inc. now owns 516,241 shares of the company’s stock valued at $7,403,000 after buying an additional 7,320 shares during the period. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

Shares of SiriusPoint stock opened at $15.85 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.56 and a quick ratio of 0.56. SiriusPoint Ltd. has a one year low of $10.35 and a one year high of $16.20. The stock has a market capitalization of $2.57 billion, a P/E ratio of 9.97 and a beta of 0.98. The business’s 50 day simple moving average is $14.30 and its two-hundred day simple moving average is $13.83.

About SiriusPoint

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.