SiriusPoint Ltd. (NYSE:SPNT) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 91.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,676 shares of the company's stock after selling 385,243 shares during the period. Assenagon Asset Management S.A.'s holdings in SiriusPoint were worth $585,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SPNT. Sei Investments Co. lifted its position in shares of SiriusPoint by 12.4% during the second quarter. Sei Investments Co. now owns 22,580 shares of the company's stock worth $275,000 after purchasing an additional 2,489 shares in the last quarter. ClearAlpha Technologies LP acquired a new stake in SiriusPoint in the third quarter valued at $298,000. The Manufacturers Life Insurance Company boosted its stake in SiriusPoint by 28.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,382 shares of the company's stock valued at $639,000 after acquiring an additional 11,673 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in SiriusPoint by 1.7% during the 3rd quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the company's stock worth $675,000 after acquiring an additional 800 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of SiriusPoint by 2.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 55,588 shares of the company's stock worth $797,000 after purchasing an additional 1,537 shares during the last quarter. 52.79% of the stock is owned by institutional investors and hedge funds.

SiriusPoint Stock Up 1.2 %

Shares of SPNT stock traded up $0.18 during trading hours on Friday, hitting $14.55. 266,659 shares of the company were exchanged, compared to its average volume of 474,838. 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 capitalization of $2.36 billion, a price-to-earnings ratio of 9.15 and a beta of 0.95. SiriusPoint Ltd. has a one year low of $11.27 and a one year high of $16.50. The business's 50-day simple moving average is $15.11 and its two-hundred day simple moving average is $14.39.

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

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.