Edgestream Partners L.P. Raises Stake in SiriusPoint Ltd. (NYSE:SPNT)

Edgestream Partners L.P. boosted its position in SiriusPoint Ltd. (NYSE:SPNT) by 300.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 252,699 shares of the company’s stock after buying an additional 189,660 shares during the quarter. Edgestream Partners L.P.’s holdings in SiriusPoint were worth $3,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC boosted its stake in shares of SiriusPoint by 84.7% during the second quarter. CWM LLC now owns 2,289 shares of the company’s stock valued at $28,000 after purchasing an additional 1,050 shares during the period. Summit Global Investments purchased a new stake in shares of SiriusPoint during the second quarter valued at approximately $166,000. Natixis Advisors LLC boosted its stake in shares of SiriusPoint by 6.6% during the second quarter. Natixis Advisors LLC now owns 17,167 shares of the company’s stock valued at $209,000 after purchasing an additional 1,059 shares during the period. Sei Investments Co. boosted its stake in shares of SiriusPoint by 12.4% during the second quarter. Sei Investments Co. now owns 22,580 shares of the company’s stock valued at $275,000 after purchasing an additional 2,489 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in shares of SiriusPoint during the second quarter valued at approximately $291,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Stock Performance

Shares of SPNT stock opened at $15.42 on Monday. The stock has a fifty day moving average of $14.16 and a 200 day moving average of $13.72. SiriusPoint Ltd. has a 52 week low of $10.35 and a 52 week high of $15.88. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 9.70 and a beta of 0.94. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.26.

SiriusPoint Company 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.