SiriusPoint Ltd. (NYSE:SPNT) Shares Sold by Private Management Group Inc.

Private Management Group Inc. lowered its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,368,023 shares of the company’s stock after selling 211,612 shares during the quarter. SiriusPoint comprises approximately 2.6% of Private Management Group Inc.’s investment portfolio, making the stock its 2nd largest holding. Private Management Group Inc. owned about 2.70% of SiriusPoint worth $71,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barclays PLC increased 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of SiriusPoint by 5.3% during the third quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock valued at $32,769,000 after buying an additional 115,868 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of SiriusPoint by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 516,241 shares of the company’s stock valued at $7,403,000 after acquiring an additional 7,320 shares during the period. Victory Capital Management Inc. raised its stake in SiriusPoint by 5.9% in the 3rd quarter. Victory Capital Management Inc. now owns 57,420 shares of the company’s stock worth $823,000 after acquiring an additional 3,177 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in SiriusPoint by 1.7% during the 3rd quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the company’s stock worth $675,000 after acquiring an additional 800 shares during the period. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Stock Up 2.1 %

Shares of SPNT stock opened at $14.40 on Thursday. SiriusPoint Ltd. has a fifty-two week low of $11.27 and a fifty-two week high of $16.50. The firm has a market capitalization of $2.33 billion, a PE ratio of 9.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.56 and a current ratio of 0.56. The stock’s 50-day simple moving average is $14.97 and its 200-day simple moving average is $14.50.

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.