HighTower Advisors LLC Has $398,000 Holdings in SiriusPoint Ltd. (NYSE:SPNT)

HighTower Advisors LLC lessened its stake in SiriusPoint Ltd. (NYSE:SPNT) by 9.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,309 shares of the company’s stock after selling 3,013 shares during the quarter. HighTower Advisors LLC’s holdings in SiriusPoint were worth $398,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its position in shares of SiriusPoint by 6.6% during the second quarter. Natixis Advisors LLC now owns 17,167 shares of the company’s stock worth $209,000 after purchasing an additional 1,059 shares in the last quarter. Sei Investments Co. raised its position in shares of SiriusPoint by 12.4% during the second quarter. Sei Investments Co. now owns 22,580 shares of the company’s stock worth $275,000 after purchasing an additional 2,489 shares during the period. ClearAlpha Technologies LP bought a new position in shares of SiriusPoint during the 3rd quarter valued at about $298,000. Arizona State Retirement System grew its position in shares of SiriusPoint by 3.2% in the 2nd quarter. Arizona State Retirement System now owns 28,513 shares of the company’s stock valued at $348,000 after purchasing an additional 880 shares during the period. Finally, Louisiana State Employees Retirement System grew its position in shares of SiriusPoint by 3.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 46,300 shares of the company’s stock valued at $565,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 52.79% of the company’s stock.

SiriusPoint Stock Performance

Shares of SPNT stock opened at $14.41 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.56 and a current ratio of 0.56. SiriusPoint Ltd. has a 52 week low of $10.84 and a 52 week high of $16.20. The company’s 50 day moving average price is $14.59 and its two-hundred day moving average price is $13.98. The company has a market capitalization of $2.33 billion, a P/E ratio of 9.06 and a beta of 0.98.

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.