SiriusPoint Ltd. (NYSE:SPNT) Stock Holdings Cut by Private Management Group Inc.

Private Management Group Inc. decreased its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,368,023 shares of the company's stock after selling 211,612 shares during the period. SiriusPoint comprises approximately 2.6% of Private Management Group Inc.'s holdings, making the stock its 2nd largest position. Private Management Group Inc. owned about 2.70% of SiriusPoint worth $71,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sei Investments Co. increased its holdings in SiriusPoint by 12.4% in the 2nd quarter. Sei Investments Co. now owns 22,580 shares of the company's stock worth $275,000 after acquiring an additional 2,489 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of SiriusPoint by 28.7% in the second quarter. The Manufacturers Life Insurance Company now owns 52,382 shares of the company's stock worth $639,000 after purchasing an additional 11,673 shares in the last quarter. Seven Grand Managers LLC bought a new stake in shares of SiriusPoint during the 3rd quarter valued at $3,370,000. Louisiana State Employees Retirement System lifted its stake in shares of SiriusPoint by 1.7% during the 3rd quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the company's stock valued at $675,000 after buying an additional 800 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in 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 buying an additional 1,537 shares during the period. 52.79% of the stock is currently owned by hedge funds and other institutional investors.

SiriusPoint Price Performance

SPNT stock traded down $0.25 during trading on Friday, reaching $14.24. The company's stock had a trading volume of 337,462 shares, compared to its average volume of 335,880. The company's fifty day moving average is $14.93 and its 200-day moving average is $14.51. SiriusPoint Ltd. has a 1 year low of $11.27 and a 1 year high of $16.50. The company has a market capitalization of $2.31 billion, a P/E 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 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.