Hennessy Advisors Inc. Raises Stake in SiriusPoint Ltd. (NYSE:SPNT)

Hennessy Advisors Inc. lifted its stake in SiriusPoint Ltd. (NYSE:SPNT) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 784,105 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Hennessy Advisors Inc. owned about 0.48% of SiriusPoint worth $12,851,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in shares of SiriusPoint by 18.5% during the second quarter. American Century Companies Inc. now owns 2,093,696 shares of the company’s stock worth $25,543,000 after acquiring an additional 327,275 shares during the period. Dimensional Fund Advisors LP grew its stake in SiriusPoint by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 6,711,403 shares of the company’s stock worth $81,880,000 after purchasing an additional 321,296 shares in the last quarter. Seven Grand Managers LLC purchased a new position in SiriusPoint during the 3rd quarter worth $3,370,000. AQR Capital Management LLC raised its position in SiriusPoint by 156.2% during the 2nd quarter. AQR Capital Management LLC now owns 333,422 shares of the company’s stock valued at $4,068,000 after purchasing an additional 203,288 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in shares of SiriusPoint by 300.9% in the 3rd quarter. Edgestream Partners L.P. now owns 252,699 shares of the company’s stock worth $3,624,000 after buying an additional 189,660 shares during the period. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

SPNT opened at $15.00 on Friday. 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 business’s fifty day simple moving average is $15.07 and its 200-day simple moving average is $14.28. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 9.43 and a beta of 0.95. SiriusPoint Ltd. has a 12-month low of $10.84 and a 12-month high of $16.50.

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.