SiriusPoint Ltd. (NYSE:SPNT - Get Free Report) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,620,000 shares, a drop of 13.8% from the December 15th total of 1,880,000 shares. Based on an average trading volume of 599,800 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.6% of the shares of the company are sold short.
Hedge Funds Weigh In On SiriusPoint
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. increased its stake in shares of SiriusPoint by 12.4% during the 2nd 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. ClearAlpha Technologies LP purchased a new position in shares of SiriusPoint during the 3rd quarter valued at $298,000. Arizona State Retirement System grew its stake in shares of SiriusPoint by 3.2% during the 2nd quarter. Arizona State Retirement System now owns 28,513 shares of the company's stock worth $348,000 after acquiring an additional 880 shares during the period. The Manufacturers Life Insurance Company increased its holdings in SiriusPoint by 28.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,382 shares of the company's stock worth $639,000 after acquiring an additional 11,673 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in SiriusPoint by 73.8% in the 2nd quarter. Victory Capital Management Inc. now owns 54,243 shares of the company's stock valued at $662,000 after acquiring an additional 23,027 shares during the period. 52.79% of the stock is owned by hedge funds and other institutional investors.
SiriusPoint Stock Performance
SiriusPoint stock traded up $0.21 during mid-day trading on Thursday, reaching $15.00. 472,908 shares of the company's stock were exchanged, compared to its average volume of 562,471. The firm has a market capitalization of $2.43 billion, a PE ratio of 9.43 and a beta of 0.95. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.26. The business's fifty day simple moving average is $15.05 and its 200 day simple moving average is $14.28. SiriusPoint has a one year low of $10.84 and a one year high of $16.50.
SiriusPoint Company Profile
(
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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.
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