Susquehanna Portfolio Strategies LLC Has $434,000 Stake in SiriusPoint Ltd. (NYSE:SPNT)

Susquehanna Portfolio Strategies LLC trimmed its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 25.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 35,586 shares of the company’s stock after selling 11,850 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in SiriusPoint were worth $434,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPNT. CWM LLC grew its position 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 buying an additional 1,050 shares during the period. Bayesian Capital Management LP acquired a new position in SiriusPoint during the first quarter valued at approximately $127,000. SG Americas Securities LLC acquired a new stake in SiriusPoint in the first quarter worth $142,000. Summit Global Investments bought a new position in shares of SiriusPoint during the second quarter worth $166,000. Finally, ProShare Advisors LLC grew its holdings in shares of SiriusPoint by 8.8% in the 1st quarter. ProShare Advisors LLC now owns 14,775 shares of the company’s stock valued at $188,000 after buying an additional 1,199 shares during the period. 52.79% of the stock is owned by institutional investors.

SiriusPoint Price Performance

SPNT opened at $14.44 on Friday. The company has a fifty day simple moving average of $14.38 and a 200 day simple moving average of $13.15. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.47 billion, a P/E ratio of 8.60 and a beta of 0.93. SiriusPoint Ltd. has a 12 month low of $9.43 and a 12 month high of $15.16.

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

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.