Exchange Traded Concepts LLC Purchases 5,075 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Exchange Traded Concepts LLC lifted its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,912 shares of the company’s stock after acquiring an additional 5,075 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.08% of SiriusPoint worth $2,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of SiriusPoint by 4.8% during the third quarter. State Street Corp now owns 3,578,129 shares of the company’s stock worth $51,310,000 after purchasing an additional 162,959 shares in the last quarter. Geode Capital Management LLC grew its stake in SiriusPoint by 5.3% in the third quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock valued at $32,769,000 after acquiring an additional 115,868 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of SiriusPoint by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 883,749 shares of the company’s stock worth $12,673,000 after acquiring an additional 63,186 shares in the last quarter. Hennessy Advisors Inc. raised its position in shares of SiriusPoint by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 784,105 shares of the company’s stock worth $12,851,000 after purchasing an additional 50,000 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of SiriusPoint by 5.7% during the 3rd quarter. Empowered Funds LLC now owns 708,082 shares of the company’s stock valued at $10,154,000 after purchasing an additional 38,267 shares in the last quarter. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

NYSE SPNT opened at $14.55 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 9.15 and a beta of 0.95. The business has a 50 day simple moving average of $15.11 and a 200 day simple moving average of $14.43. SiriusPoint Ltd. has a 52-week low of $11.27 and a 52-week high of $16.50.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $562.20 million during the quarter. SiriusPoint had a net margin of 11.94% and a return on equity of 12.91%.

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.