SiriusPoint (NYSE:SPNT) Sets New 12-Month High at $14.86

Shares of SiriusPoint Ltd. (NYSE:SPNT) hit a new 52-week high during trading on Monday . The company traded as high as $14.86 and last traded at $14.63, with a volume of 21882 shares traded. The stock had previously closed at $14.56.

SiriusPoint Stock Performance

The stock has a 50-day moving average of $13.03 and a 200 day moving average of $12.55. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.55 and a quick ratio of 0.55. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 8.72 and a beta of 0.94.

Institutional Trading of SiriusPoint

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System bought a new position in SiriusPoint during the fourth quarter worth about $525,000. Strs Ohio boosted its holdings in SiriusPoint by 222.9% during the fourth quarter. Strs Ohio now owns 35,200 shares of the company’s stock worth $408,000 after buying an additional 24,300 shares during the last quarter. Everence Capital Management Inc. boosted its holdings in SiriusPoint by 100.0% during the fourth quarter. Everence Capital Management Inc. now owns 21,000 shares of the company’s stock worth $244,000 after buying an additional 10,500 shares during the last quarter. Federated Hermes Inc. boosted its holdings in SiriusPoint by 286.5% during the fourth quarter. Federated Hermes Inc. now owns 656,058 shares of the company’s stock worth $7,610,000 after buying an additional 486,323 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in SiriusPoint during the fourth quarter worth about $16,259,000. 52.79% of the stock is currently owned by institutional investors and hedge funds.

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.