State Street Corp Buys 162,959 Shares of SiriusPoint Ltd. (NYSE:SPNT)

State Street Corp increased its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,578,129 shares of the company’s stock after buying an additional 162,959 shares during the quarter. State Street Corp’s holdings in SiriusPoint were worth $51,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CWM LLC increased its stake in SiriusPoint by 84.7% in the 2nd quarter. CWM LLC now owns 2,289 shares of the company’s stock valued at $28,000 after buying an additional 1,050 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of SiriusPoint by 6.6% in the 2nd quarter. Natixis Advisors LLC now owns 17,167 shares of the company’s stock worth $209,000 after buying an additional 1,059 shares during the last quarter. ClearAlpha Technologies LP bought a new position in shares of SiriusPoint in the third quarter valued at approximately $298,000. Sei Investments Co. increased its position in shares of SiriusPoint by 12.4% during the second quarter. Sei Investments Co. now owns 22,580 shares of the company’s stock valued at $275,000 after acquiring an additional 2,489 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in SiriusPoint during the second quarter worth $291,000. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Stock Down 0.8 %

SPNT stock opened at $14.39 on Friday. The stock has a market cap of $2.33 billion, a P/E ratio of 9.05 and a beta of 0.98. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $14.58 and its two-hundred day simple moving average is $13.96. SiriusPoint Ltd. has a 1-year low of $10.84 and a 1-year high of $16.20.

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.