SiriusPoint (NYSE:SPNT) Reaches New 52-Week High at $12.71

SiriusPoint Ltd. (NYSE:SPNT)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $12.71 and last traded at $12.70, with a volume of 19515 shares. The stock had previously closed at $12.54.

SiriusPoint Price Performance

The stock has a fifty day moving average of $12.03 and a two-hundred day moving average of $11.12. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 6.37 and a beta of 0.95. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.34.

SiriusPoint (NYSE:SPNT) last posted its earnings results on Tuesday, February 20th. The company reported $0.50 earnings per share for the quarter. The company had revenue of $645.80 million for the quarter. SiriusPoint had a return on equity of 17.48% and a net margin of 13.28%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. UBS Group AG raised its stake in SiriusPoint by 666.0% during the 3rd quarter. UBS Group AG now owns 6,044 shares of the company’s stock valued at $30,000 after acquiring an additional 5,255 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of SiriusPoint by 83.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,821 shares of the company’s stock worth $36,000 after buying an additional 2,200 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of SiriusPoint by 250.9% in the 1st quarter. Captrust Financial Advisors now owns 7,376 shares of the company’s stock worth $55,000 after buying an additional 5,274 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of SiriusPoint in the 2nd quarter worth $62,000. Finally, Jane Street Group LLC bought a new stake in shares of SiriusPoint in the 3rd quarter worth $62,000. Institutional investors and hedge funds own 52.79% of the company’s stock.

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.