SiriusPoint Ltd. (NYSE:SPNT) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 18.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,093,696 shares of the company’s stock after acquiring an additional 327,275 shares during the period. American Century Companies Inc. owned approximately 1.23% of SiriusPoint worth $25,543,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of SiriusPoint by 84.7% during 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 purchased a new stake in SiriusPoint during the first quarter worth approximately $127,000. SG Americas Securities LLC acquired a new stake in shares of SiriusPoint in the first quarter worth $142,000. Summit Global Investments purchased a new position in shares of SiriusPoint in the 2nd quarter valued at $166,000. Finally, AXS Investments LLC acquired a new position in shares of SiriusPoint during the 4th quarter valued at $163,000. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Stock Up 0.6 %

Shares of NYSE SPNT opened at $14.18 on Thursday. The stock has a fifty day moving average price of $14.17 and a 200 day moving average price of $13.04. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.26. SiriusPoint Ltd. has a 12-month low of $9.43 and a 12-month high of $15.16. The company has a market cap of $2.42 billion, a P/E ratio of 8.44 and a beta of 0.93.

SiriusPoint (NYSE:SPNT) last posted its earnings results on Thursday, August 1st. The company reported $0.57 earnings per share (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%.

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.