Syon Capital LLC Boosts Stock Position in SiriusPoint Ltd. (NYSE:SPNT)

Syon Capital LLC grew its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 31.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,563 shares of the company’s stock after buying an additional 9,381 shares during the quarter. Syon Capital LLC’s holdings in SiriusPoint were worth $459,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SPNT. Allspring Global Investments Holdings LLC grew its stake in SiriusPoint by 31.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 13,951 shares of the company’s stock worth $142,000 after purchasing an additional 3,339 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of SiriusPoint in the 3rd quarter valued at approximately $155,000. Everence Capital Management Inc. raised its position in shares of SiriusPoint by 100.0% during the 4th quarter. Everence Capital Management Inc. now owns 21,000 shares of the company’s stock valued at $244,000 after acquiring an additional 10,500 shares in the last quarter. Strs Ohio lifted its stake in SiriusPoint by 222.9% during the fourth quarter. Strs Ohio now owns 35,200 shares of the company’s stock worth $408,000 after purchasing an additional 24,300 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in SiriusPoint by 15.9% in the third quarter. Deutsche Bank AG now owns 43,057 shares of the company’s stock worth $438,000 after purchasing an additional 5,922 shares during the period. Institutional investors and hedge funds own 52.79% of the company’s stock.

SiriusPoint Stock Up 1.6 %

SPNT stock opened at $12.08 on Friday. The firm has a fifty day moving average price of $12.24 and a two-hundred day moving average price of $11.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.58 and a quick ratio of 0.58. SiriusPoint Ltd. has a 1-year low of $8.39 and a 1-year high of $13.03. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 6.13 and a beta of 0.96.

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

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.