Shares of SiriusPoint Ltd. (NYSE:SPNT - Get Free Report) dropped 3.4% on Thursday . The company traded as low as $15.82 and last traded at $15.84. Approximately 280,165 shares were traded during trading, a decline of 52% from the average daily volume of 581,573 shares. The stock had previously closed at $16.39.
SiriusPoint Trading Down 4.0 %
The business has a fifty day simple moving average of $14.75 and a 200-day simple moving average of $14.10. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 9.90 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.
Hedge Funds Weigh In On SiriusPoint
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors LLC lifted 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 acquiring an additional 1,059 shares during the period. ClearAlpha Technologies LP bought a new position in SiriusPoint during the 3rd quarter worth approximately $298,000. Sei Investments Co. lifted its position in shares of 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 purchasing an additional 2,489 shares during the period. Arizona State Retirement System boosted its stake in shares of SiriusPoint by 3.2% in the 2nd quarter. Arizona State Retirement System now owns 28,513 shares of the company's stock valued at $348,000 after purchasing an additional 880 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of SiriusPoint by 1.7% during the third quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the company's stock worth $675,000 after buying an additional 800 shares during the period. 52.79% of the stock is currently owned by institutional investors and hedge funds.
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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