Assenagon Asset Management S.A. Sells 385,243 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Assenagon Asset Management S.A. lowered its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 91.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,676 shares of the company’s stock after selling 385,243 shares during the quarter. Assenagon Asset Management S.A.’s holdings in SiriusPoint were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SPNT. Seven Grand Managers LLC bought a new position in SiriusPoint during the third quarter valued at about $3,370,000. AQR Capital Management LLC increased its holdings 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 valued at $4,068,000 after acquiring an additional 203,288 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of SiriusPoint by 300.9% in the 3rd quarter. Edgestream Partners L.P. now owns 252,699 shares of the company’s stock valued at $3,624,000 after acquiring an additional 189,660 shares in the last quarter. State Street Corp lifted its holdings in SiriusPoint by 4.8% in the 3rd quarter. State Street Corp now owns 3,578,129 shares of the company’s stock worth $51,310,000 after purchasing an additional 162,959 shares during the last quarter. Finally, Barclays PLC boosted its position in SiriusPoint by 172.7% during the third quarter. Barclays PLC now owns 210,545 shares of the company’s stock worth $3,018,000 after purchasing an additional 133,331 shares during the period. Institutional investors and hedge funds own 52.79% of the company’s stock.

SiriusPoint Trading Up 1.2 %

NYSE:SPNT opened at $14.55 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $15.11 and its 200-day moving average is $14.39. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 9.15 and a beta of 0.95. SiriusPoint Ltd. has a 12 month low of $11.27 and a 12 month high of $16.50.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $562.20 million during the quarter. SiriusPoint had a net margin of 11.94% and a return on equity of 12.91%.

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.