Empowered Funds LLC Raises Holdings in SiriusPoint Ltd. (NYSE:SPNT)

Empowered Funds LLC lifted its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718,840 shares of the company’s stock after purchasing an additional 10,758 shares during the period. Empowered Funds LLC owned about 0.44% of SiriusPoint worth $11,782,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SPNT. State Street Corp grew its stake in SiriusPoint by 4.8% in the 3rd quarter. State Street Corp now owns 3,578,129 shares of the company’s stock worth $51,310,000 after acquiring an additional 162,959 shares during the period. Geode Capital Management LLC grew its stake in SiriusPoint by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock worth $32,769,000 after acquiring an additional 115,868 shares during the period. Charles Schwab Investment Management Inc. grew its stake in SiriusPoint by 7.7% in the 3rd 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 during the period. Hennessy Advisors Inc. grew its stake in shares of SiriusPoint by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 784,105 shares of the company’s stock valued at $12,851,000 after buying an additional 50,000 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of SiriusPoint by 1.4% during the 3rd quarter. Principal Financial Group Inc. now owns 516,241 shares of the company’s stock valued at $7,403,000 after buying an additional 7,320 shares during the period. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Stock Down 1.7 %

Shares of NYSE SPNT opened at $14.24 on Friday. SiriusPoint Ltd. has a 52-week low of $11.27 and a 52-week high of $16.50. The firm has a fifty day moving average of $14.93 and a 200-day moving average of $14.51. The stock has a market capitalization of $2.31 billion, a PE ratio of 8.96 and a beta of 0.94. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.26.

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.