Intech Investment Management LLC Makes New $1.71 Million Investment in SiriusPoint Ltd. (NYSE:SPNT)

Intech Investment Management LLC bought a new stake in SiriusPoint Ltd. (NYSE:SPNT) in the 3rd quarter, Holdings Channel.com reports. The fund bought 118,875 shares of the company’s stock, valued at approximately $1,705,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPNT. CWM LLC lifted its holdings in SiriusPoint by 84.7% in the second 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 period. Bayesian Capital Management LP acquired a new stake in SiriusPoint during the 1st quarter worth $127,000. Summit Global Investments bought a new stake in shares of SiriusPoint during the 2nd quarter valued at $166,000. ProShare Advisors LLC lifted its stake 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 purchasing an additional 1,199 shares during the period. Finally, Natixis Advisors LLC boosted its position 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 purchasing an additional 1,059 shares during the last quarter. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Trading Up 0.1 %

NYSE SPNT opened at $15.60 on Tuesday. SiriusPoint Ltd. has a 12 month low of $10.35 and a 12 month high of $15.88. The stock has a 50-day simple moving average of $14.05 and a 200 day simple moving average of $13.65. 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 company has a market capitalization of $2.53 billion, a PE ratio of 9.81 and a beta of 0.94.

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.