Rhumbline Advisers Purchases 29,499 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Rhumbline Advisers boosted its position in SiriusPoint Ltd. (NYSE:SPNT) by 12.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 267,497 shares of the company’s stock after purchasing an additional 29,499 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of SiriusPoint worth $3,263,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CWM LLC increased its holdings 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 acquiring an additional 1,050 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of SiriusPoint during the first quarter valued at about $127,000. SG Americas Securities LLC acquired a new position in shares of SiriusPoint during the first quarter valued at about $142,000. Summit Global Investments acquired a new position in shares of SiriusPoint during the second quarter valued at about $166,000. Finally, AXS Investments LLC acquired a new position in shares of SiriusPoint during the fourth quarter valued at about $163,000. 52.79% of the stock is currently owned by institutional investors.

SiriusPoint Stock Performance

SPNT opened at $14.10 on Wednesday. SiriusPoint Ltd. has a 52-week low of $9.43 and a 52-week high of $15.16. The firm’s 50-day moving average price is $14.17 and its 200-day moving average price is $13.04. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.40 billion, a P/E ratio of 8.39 and a beta of 0.93.

SiriusPoint (NYSE:SPNT) last posted its earnings results on Thursday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter. The company had revenue of $743.30 million during the quarter. SiriusPoint had a net margin of 13.24% and a return on equity of 15.78%.

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.