Louisiana State Employees Retirement System Sells 2,500 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Louisiana State Employees Retirement System lowered its position in SiriusPoint Ltd. (NYSE:SPNT) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,600 shares of the company’s stock after selling 2,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in SiriusPoint were worth $731,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its position in shares of SiriusPoint by 2.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 55,588 shares of the company’s stock worth $797,000 after buying an additional 1,537 shares during the period. Flagship Harbor Advisors LLC lifted its position in shares of SiriusPoint by 8.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 24,971 shares of the company’s stock worth $409,000 after buying an additional 1,945 shares during the period. R Squared Ltd bought a new position in shares of SiriusPoint during the 4th quarter worth approximately $35,000. KBC Group NV lifted its position in shares of SiriusPoint by 80.1% during the 4th quarter. KBC Group NV now owns 5,935 shares of the company’s stock worth $97,000 after buying an additional 2,640 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of SiriusPoint by 5.9% during the 3rd quarter. Victory Capital Management Inc. now owns 57,420 shares of the company’s stock worth $823,000 after buying an additional 3,177 shares during the period. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

SiriusPoint stock opened at $14.00 on Wednesday. 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 company has a market capitalization of $2.27 billion, a PE ratio of 8.80 and a beta of 0.94. SiriusPoint Ltd. has a one year low of $11.27 and a one year high of $16.50. The business has a 50 day simple moving average of $14.71 and a 200 day simple moving average of $14.50.

SiriusPoint (NYSE:SPNT) last posted its earnings results on Tuesday, February 18th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.49). SiriusPoint had a return on equity of 12.91% and a net margin of 11.94%.

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.