CIBC Asset Management Inc Invests $190,000 in SiriusPoint Ltd. (NYSE:SPNT)

CIBC Asset Management Inc bought a new position in shares of SiriusPoint Ltd. (NYSE:SPNT) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 11,618 shares of the company’s stock, valued at approximately $190,000.

A number of other hedge funds also recently made changes to their positions in SPNT. Louisiana State Employees Retirement System raised its stake in shares of SiriusPoint by 1.7% during the 3rd quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the company’s stock worth $675,000 after purchasing an additional 800 shares during the period. State of Alaska Department of Revenue increased its holdings in SiriusPoint by 2.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 55,588 shares of the company’s stock worth $797,000 after acquiring an additional 1,537 shares during the last quarter. Principal Financial Group Inc. increased its holdings in SiriusPoint by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 516,241 shares of the company’s stock worth $7,403,000 after acquiring an additional 7,320 shares during the last quarter. Victory Capital Management Inc. increased its holdings in SiriusPoint by 5.9% in the 3rd quarter. Victory Capital Management Inc. now owns 57,420 shares of the company’s stock worth $823,000 after acquiring an additional 3,177 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in SiriusPoint by 65.4% in the 3rd quarter. Royce & Associates LP now owns 132,883 shares of the company’s stock worth $1,906,000 after acquiring an additional 52,565 shares during the last quarter. 52.79% of the stock is currently owned by institutional investors.

SiriusPoint Trading Up 2.4 %

Shares of SPNT opened at $14.94 on Thursday. The business has a 50-day moving average of $14.59 and a 200 day moving average of $14.50. SiriusPoint Ltd. has a fifty-two week low of $11.48 and a fifty-two week high of $16.50. The firm has a market cap of $2.42 billion, a P/E ratio of 15.56 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.56 and a current ratio of 0.57.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.49). SiriusPoint had a return on equity of 8.73% and a net margin of 7.68%. The firm had revenue of $612.80 million during the quarter.

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.