Charles Schwab Investment Management Inc. Grows Holdings in SiriusPoint Ltd. (NYSE:SPNT)

Charles Schwab Investment Management Inc. lifted its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 7.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 883,749 shares of the company’s stock after acquiring an additional 63,186 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.55% of SiriusPoint worth $12,673,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SPNT. Donald Smith & CO. Inc. raised its stake in shares of SiriusPoint by 6.6% during the 2nd quarter. Donald Smith & CO. Inc. now owns 7,072,135 shares of the company’s stock worth $86,280,000 after purchasing an additional 438,084 shares during the period. Dimensional Fund Advisors LP boosted its stake in SiriusPoint by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 6,711,403 shares of the company’s stock valued at $81,880,000 after acquiring an additional 321,296 shares during the last quarter. American Century Companies Inc. grew its position in shares of SiriusPoint by 18.5% during the 2nd quarter. American Century Companies Inc. now owns 2,093,696 shares of the company’s stock valued at $25,543,000 after acquiring an additional 327,275 shares during the period. Empowered Funds LLC increased its stake in shares of SiriusPoint by 5.7% during the 3rd quarter. Empowered Funds LLC now owns 708,082 shares of the company’s stock worth $10,154,000 after purchasing an additional 38,267 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of SiriusPoint by 15.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 698,654 shares of the company’s stock worth $8,524,000 after purchasing an additional 93,246 shares during the period. 52.79% of the stock is currently owned by institutional investors.

SiriusPoint Stock Performance

Shares of SPNT opened at $15.85 on Monday. SiriusPoint Ltd. has a 1 year low of $10.35 and a 1 year high of $16.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.56 and a quick ratio of 0.56. The stock’s fifty day moving average price is $14.30 and its two-hundred day moving average price is $13.83. The firm has a market cap of $2.57 billion, a PE ratio of 9.97 and a beta of 0.98.

SiriusPoint Company 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.