Federated Hermes Inc. Acquires 486,323 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Federated Hermes Inc. increased its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 286.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 656,058 shares of the company’s stock after purchasing an additional 486,323 shares during the period. Federated Hermes Inc. owned 0.39% of SiriusPoint worth $7,610,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPNT. Wellington Management Group LLP boosted its stake in shares of SiriusPoint by 14.4% during the third quarter. Wellington Management Group LLP now owns 8,770,542 shares of the company’s stock valued at $89,196,000 after purchasing an additional 1,102,466 shares in the last quarter. Vanguard Group Inc. boosted its stake in SiriusPoint by 9.3% in the third quarter. Vanguard Group Inc. now owns 10,595,004 shares of the company’s stock valued at $107,751,000 after acquiring an additional 897,341 shares in the last quarter. Aristeia Capital LLC boosted its stake in SiriusPoint by 230.4% in the third quarter. Aristeia Capital LLC now owns 799,115 shares of the company’s stock valued at $8,127,000 after acquiring an additional 557,248 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in SiriusPoint in the third quarter valued at approximately $5,084,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in SiriusPoint in the third quarter valued at approximately $3,216,000. 52.79% of the stock is currently owned by institutional investors.

SiriusPoint Price Performance

Shares of SPNT opened at $12.20 on Thursday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 6.19 and a beta of 0.96. SiriusPoint Ltd. has a twelve month low of $8.39 and a twelve month high of $13.03. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $12.25 and a two-hundred day moving average of $11.40.

SiriusPoint (NYSE:SPNT) last announced its earnings results on Tuesday, February 20th. The company reported $0.50 earnings per share for the quarter. The company had revenue of $645.80 million during the quarter. SiriusPoint had a net margin of 13.28% and a return on equity of 17.48%.

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.