Texas Permanent School Fund Corp Reduces Stock Position in SiriusPoint Ltd. (NYSE:SPNT)

Texas Permanent School Fund Corp cut its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 14.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,731 shares of the company’s stock after selling 11,468 shares during the period. Texas Permanent School Fund Corp’s holdings in SiriusPoint were worth $826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPNT. Wellington Management Group LLP lifted its holdings in SiriusPoint by 0.3% in the fourth quarter. Wellington Management Group LLP now owns 8,800,094 shares of the company’s stock valued at $102,081,000 after acquiring an additional 29,552 shares during the period. Donald Smith & CO. Inc. lifted its stake in shares of SiriusPoint by 15.7% in the 1st quarter. Donald Smith & CO. Inc. now owns 6,634,051 shares of the company’s stock worth $84,319,000 after purchasing an additional 899,666 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of SiriusPoint by 14.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,245,488 shares of the company’s stock worth $72,449,000 after buying an additional 811,185 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of SiriusPoint by 3.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,424,860 shares of the company’s stock worth $28,128,000 after buying an additional 71,652 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in SiriusPoint by 10.5% during the first quarter. Bridgeway Capital Management LLC now owns 1,318,675 shares of the company’s stock valued at $16,760,000 after buying an additional 125,196 shares during the last quarter. 52.79% of the stock is owned by institutional investors.

SiriusPoint Trading Up 0.1 %

NYSE:SPNT opened at $14.26 on Friday. SiriusPoint Ltd. has a one year low of $9.43 and a one year high of $15.16. The business has a fifty day moving average price of $14.25 and a 200-day moving average price of $13.05. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 8.49 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.55 and a quick ratio of 0.55.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter. SiriusPoint had a return on equity of 15.78% and a net margin of 13.24%. The business had revenue of $743.30 million during the quarter.

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.