SiriusPoint (NYSE:SPNT) Hits New 1-Year High – Here’s Why

SiriusPoint Ltd. (NYSE:SPNT) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $15.22 and last traded at $15.22, with a volume of 213802 shares. The stock had previously closed at $14.90.

SiriusPoint Trading Up 2.7 %

The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average is $13.94 and its 200-day moving average is $13.56. The firm has a market capitalization of $2.48 billion, a P/E ratio of 9.37 and a beta of 0.94.

Institutional Trading of SiriusPoint

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in SiriusPoint by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock valued at $32,769,000 after purchasing an additional 115,868 shares during the last quarter. Barclays PLC raised its stake in SiriusPoint by 172.7% during the 3rd quarter. Barclays PLC now owns 210,545 shares of the company’s stock valued at $3,018,000 after purchasing an additional 133,331 shares during the last quarter. State Street Corp raised its stake in SiriusPoint by 4.8% during the 3rd quarter. State Street Corp now owns 3,578,129 shares of the company’s stock valued at $51,310,000 after purchasing an additional 162,959 shares during the last quarter. Readystate Asset Management LP acquired a new position in shares of SiriusPoint in the 3rd quarter valued at $827,000. Finally, Janus Henderson Group PLC raised its stake in shares of SiriusPoint by 49.8% in the 3rd quarter. Janus Henderson Group PLC now owns 57,322 shares of the company’s stock valued at $822,000 after buying an additional 19,065 shares in the last quarter. 52.79% of the stock is owned by institutional investors.

About SiriusPoint

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.