Wellington Management Group LLP Buys 29,552 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Wellington Management Group LLP lifted its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,800,094 shares of the company’s stock after buying an additional 29,552 shares during the period. Wellington Management Group LLP owned about 5.18% of SiriusPoint worth $102,081,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Jackson Hole Capital Partners LLC purchased a new position in SiriusPoint during the 4th quarter worth $128,000. AXS Investments LLC purchased a new position in SiriusPoint during the 4th quarter worth $163,000. Precision Wealth Strategies LLC purchased a new position in SiriusPoint during the 4th quarter worth $208,000. Victory Capital Management Inc. boosted its holdings in SiriusPoint by 20.5% during the 4th quarter. Victory Capital Management Inc. now owns 18,305 shares of the company’s stock worth $212,000 after acquiring an additional 3,110 shares during the last quarter. Finally, Everence Capital Management Inc. boosted its holdings in SiriusPoint by 100.0% during the 4th quarter. Everence Capital Management Inc. now owns 21,000 shares of the company’s stock worth $244,000 after acquiring an additional 10,500 shares during the last quarter. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

SPNT opened at $12.58 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 7.49 and a beta of 0.94. The firm’s fifty day moving average price is $12.47 and its two-hundred day moving average price is $12.06. SiriusPoint Ltd. has a 1 year low of $8.47 and a 1 year high of $13.50.

SiriusPoint (NYSE:SPNT) last announced its earnings results on Tuesday, April 30th. The company reported $0.49 earnings per share (EPS) for the quarter. The firm had revenue of $685.50 million during the quarter. SiriusPoint had a return on equity of 14.59% and a net margin of 11.57%.

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.