SiriusPoint Ltd. (NYSE:SPNT) Position Reduced by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in SiriusPoint Ltd. (NYSE:SPNT) by 14.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,934 shares of the company’s stock after selling 28,432 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of SiriusPoint worth $2,437,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CWM LLC raised its stake in SiriusPoint by 84.7% during the 2nd quarter. CWM LLC now owns 2,289 shares of the company’s stock valued at $28,000 after purchasing an additional 1,050 shares during the period. Summit Global Investments acquired a new position in SiriusPoint during the second quarter valued at $166,000. Natixis Advisors LLC lifted its stake in SiriusPoint by 6.6% in the 2nd quarter. Natixis Advisors LLC now owns 17,167 shares of the company’s stock worth $209,000 after acquiring an additional 1,059 shares in the last quarter. Sei Investments Co. boosted its position in SiriusPoint by 12.4% during the 2nd quarter. Sei Investments Co. now owns 22,580 shares of the company’s stock worth $275,000 after acquiring an additional 2,489 shares during the period. Finally, Summit Securities Group LLC purchased a new position in SiriusPoint during the 2nd quarter valued at about $291,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

NYSE SPNT opened at $15.55 on Friday. 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 firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 9.78 and a beta of 0.98. The company has a 50 day simple moving average of $14.46 and a 200-day simple moving average of $13.91. SiriusPoint Ltd. has a 52-week low of $10.66 and a 52-week high of $16.20.

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.