Jane Street Group LLC Lowers Stake in SiriusPoint Ltd. (NYSE:SPNT)

Jane Street Group LLC reduced its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 59.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,445 shares of the company’s stock after selling 62,465 shares during the quarter. Jane Street Group LLC’s holdings in SiriusPoint were worth $623,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Natixis Advisors LLC boosted its stake in shares of SiriusPoint by 6.6% during the second quarter. Natixis Advisors LLC now owns 17,167 shares of the company’s stock valued at $209,000 after purchasing an additional 1,059 shares during the period. ClearAlpha Technologies LP purchased a new stake in SiriusPoint in the third quarter worth about $298,000. Sei Investments Co. lifted its stake in SiriusPoint by 12.4% in the second 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. Arizona State Retirement System lifted its stake in SiriusPoint by 3.2% in the second quarter. Arizona State Retirement System now owns 28,513 shares of the company’s stock worth $348,000 after acquiring an additional 880 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in SiriusPoint by 1.7% in the third quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the company’s stock worth $675,000 after acquiring an additional 800 shares during the period. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Stock Down 0.3 %

NYSE:SPNT opened at $15.70 on Friday. SiriusPoint Ltd. has a 1-year low of $10.84 and a 1-year high of $16.50. The company has a 50-day moving average of $14.83 and a 200 day moving average of $14.14. The firm has a market cap of $2.54 billion, a PE ratio of 9.87 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.56 and a quick ratio of 0.56.

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.