AQR Capital Management LLC Increases Stake in SiriusPoint Ltd. (NYSE:SPNT)

AQR Capital Management LLC raised its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 156.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 333,422 shares of the company’s stock after purchasing an additional 203,288 shares during the quarter. AQR Capital Management LLC owned approximately 0.20% of SiriusPoint worth $4,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPNT. Empowered Funds LLC lifted its stake in shares of SiriusPoint by 13.8% during the 1st quarter. Empowered Funds LLC now owns 621,575 shares of the company’s stock valued at $7,900,000 after buying an additional 75,196 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of SiriusPoint by 11.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 1,193,479 shares of the company’s stock worth $13,844,000 after acquiring an additional 120,065 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in shares of SiriusPoint by 68.2% in the first quarter. Edgestream Partners L.P. now owns 160,814 shares of the company’s stock worth $2,044,000 after acquiring an additional 65,230 shares during the period. American Century Companies Inc. grew its position in shares of SiriusPoint by 18.5% in the second quarter. American Century Companies Inc. now owns 2,093,696 shares of the company’s stock valued at $25,543,000 after purchasing an additional 327,275 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of SiriusPoint by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 8,800,094 shares of the company’s stock valued at $102,081,000 after purchasing an additional 29,552 shares during the period. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Stock Performance

Shares of SPNT opened at $13.95 on Friday. SiriusPoint Ltd. has a 52-week low of $9.43 and a 52-week high of $15.16. The stock’s 50-day simple moving average is $14.39 and its 200 day simple moving average is $13.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 8.30 and a beta of 0.93.

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

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.