Charles Schwab Investment Management Inc. Acquires 63,186 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Charles Schwab Investment Management Inc. boosted its position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 883,749 shares of the company's stock after acquiring an additional 63,186 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.55% of SiriusPoint worth $12,673,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SPNT. CWM LLC boosted its holdings in shares of SiriusPoint by 84.7% during the 2nd quarter. CWM LLC now owns 2,289 shares of the company's stock worth $28,000 after buying an additional 1,050 shares during the period. Summit Global Investments acquired a new position in shares of SiriusPoint in the second quarter valued at approximately $166,000. Natixis Advisors LLC increased its stake in shares of SiriusPoint by 6.6% during the second quarter. Natixis Advisors LLC now owns 17,167 shares of the company's stock worth $209,000 after purchasing an additional 1,059 shares during the period. Sei Investments Co. boosted its stake in SiriusPoint by 12.4% in the 2nd quarter. Sei Investments Co. now owns 22,580 shares of the company's stock valued at $275,000 after purchasing an additional 2,489 shares during the period. Finally, Summit Securities Group LLC acquired a new position in SiriusPoint in the 2nd quarter valued at $291,000. Institutional investors and hedge funds own 52.79% of the company's stock.

SiriusPoint Trading Down 0.5 %

Shares of NYSE:SPNT traded down $0.08 during midday trading on Monday, hitting $15.77. 417,902 shares of the stock were exchanged, compared to its average volume of 559,696. The business's 50-day moving average price is $14.30 and its 200 day moving average price is $13.83. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 9.92 and a beta of 0.98. SiriusPoint Ltd. has a 12 month low of $10.66 and a 12 month high of $16.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.56 and a current ratio of 0.56.

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.