SiriusPoint (NYSE:SPNT) Hits New 1-Year High at $13.82

SiriusPoint Ltd. (NYSE:SPNT)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $13.82 and last traded at $13.79, with a volume of 84453 shares trading hands. The stock had previously closed at $13.38.

SiriusPoint Stock Up 3.3 %

The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 8.11 and a beta of 0.94. The firm’s fifty day simple moving average is $12.66 and its two-hundred day simple moving average is $12.26.

SiriusPoint (NYSE:SPNT) last posted its earnings results on Tuesday, April 30th. The company reported $0.49 earnings per share for the quarter. The company had revenue of $685.50 million for the quarter. SiriusPoint had a net margin of 11.57% and a return on equity of 14.59%.

Institutional Investors Weigh In On SiriusPoint

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Summit Global Investments purchased a new stake in shares of SiriusPoint in the 2nd quarter valued at approximately $166,000. Assenagon Asset Management S.A. purchased a new stake in shares of SiriusPoint in the 2nd quarter valued at approximately $5,470,000. CWM LLC raised its stake in shares of SiriusPoint by 84.7% in the 2nd quarter. CWM LLC now owns 2,289 shares of the company’s stock valued at $28,000 after acquiring an additional 1,050 shares during the period. California State Teachers Retirement System raised its stake in shares of SiriusPoint by 5.8% in the 1st quarter. California State Teachers Retirement System now owns 97,565 shares of the company’s stock valued at $1,240,000 after acquiring an additional 5,381 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in shares of SiriusPoint by 10.5% in the 1st quarter. Bridgeway Capital Management LLC now owns 1,318,675 shares of the company’s stock valued at $16,760,000 after acquiring an additional 125,196 shares during the period. 52.79% of the stock is owned by hedge funds and other institutional investors.

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.