Readystate Asset Management LP Purchases Shares of 57,644 SiriusPoint Ltd. (NYSE:SPNT)

Readystate Asset Management LP bought a new position in SiriusPoint Ltd. (NYSE:SPNT - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 57,644 shares of the company's stock, valued at approximately $827,000.

Several other hedge funds have also added to or reduced their stakes in SPNT. CWM LLC raised its stake in shares of SiriusPoint by 84.7% in the second quarter. CWM LLC now owns 2,289 shares of the company's stock worth $28,000 after purchasing an additional 1,050 shares during the last quarter. Summit Global Investments purchased a new position in shares of SiriusPoint in the second quarter worth $166,000. Natixis Advisors LLC raised its stake in shares of SiriusPoint by 6.6% in 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 last quarter. Sei Investments Co. raised its stake in shares of SiriusPoint by 12.4% in 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 during the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of SiriusPoint in the second quarter worth $291,000. 52.79% of the stock is owned by institutional investors.

SiriusPoint Stock Down 1.2 %

Shares of SPNT stock traded down $0.20 during mid-day trading on Friday, hitting $15.85. The company's stock had a trading volume of 376,984 shares, compared to its average volume of 560,919. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 10.09 and a beta of 0.98. 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 Ltd. has a 52-week low of $10.35 and a 52-week high of $16.20. The business has a 50-day moving average price of $14.27 and a 200 day moving average price of $13.80.

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.