Royce & Associates LP Boosts Stake in SiriusPoint Ltd. (NYSE:SPNT)

Royce & Associates LP raised its position in SiriusPoint Ltd. (NYSE:SPNT) by 65.4% during the third quarter, HoldingsChannel.com reports. The firm owned 132,883 shares of the company’s stock after buying an additional 52,565 shares during the quarter. Royce & Associates LP’s holdings in SiriusPoint were worth $1,906,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC boosted its position in 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 shares of SiriusPoint in the first quarter worth about $127,000. SG Americas Securities LLC acquired a new stake in shares of SiriusPoint in the first quarter valued at about $142,000. Summit Global Investments purchased a new stake in shares of SiriusPoint during the 2nd quarter valued at about $166,000. Finally, ProShare Advisors LLC lifted its position in SiriusPoint by 8.8% during the 1st quarter. ProShare Advisors LLC now owns 14,775 shares of the company’s stock worth $188,000 after acquiring an additional 1,199 shares in the last quarter. 52.79% of the stock is owned by institutional investors and hedge funds.

SiriusPoint Stock Down 0.3 %

Shares of NYSE:SPNT opened at $14.90 on Wednesday. The company has a 50 day moving average of $13.94 and a two-hundred day moving average of $13.56. SiriusPoint Ltd. has a 52-week low of $10.32 and a 52-week high of $15.16. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 9.37 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.