The Manufacturers Life Insurance Company Buys 11,673 Shares of SiriusPoint Ltd. (NYSE:SPNT)

The Manufacturers Life Insurance Company increased its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 28.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,382 shares of the company’s stock after purchasing an additional 11,673 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in SiriusPoint were worth $639,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Maverick Capital Ltd. lifted its stake in SiriusPoint by 264.9% during the second quarter. Maverick Capital Ltd. now owns 92,070 shares of the company’s stock worth $1,123,000 after purchasing an additional 66,841 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of SiriusPoint by 156.2% during the 2nd quarter. AQR Capital Management LLC now owns 333,422 shares of the company’s stock worth $4,068,000 after buying an additional 203,288 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in SiriusPoint by 7.9% in the second quarter. Public Sector Pension Investment Board now owns 202,541 shares of the company’s stock valued at $2,471,000 after buying an additional 14,763 shares in the last quarter. Sei Investments Co. grew its position in SiriusPoint by 12.4% in the second quarter. Sei Investments Co. now owns 22,580 shares of the company’s stock valued at $275,000 after acquiring an additional 2,489 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in SiriusPoint by 24.4% during the second quarter. Renaissance Technologies LLC now owns 87,700 shares of the company’s stock worth $1,070,000 after acquiring an additional 17,200 shares in the last quarter. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Stock Down 1.4 %

SPNT stock opened at $13.52 on Wednesday. The stock has a market capitalization of $2.30 billion, a P/E ratio of 8.04 and a beta of 0.93. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $14.27 and a 200-day moving average price of $13.26. SiriusPoint Ltd. has a 12 month low of $9.43 and a 12 month high of $15.16.

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

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.