SiriusPoint Ltd. (NYSE:SPNT) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 60.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,039 shares of the company’s stock after selling 97,775 shares during the quarter. Edgestream Partners L.P.’s holdings in SiriusPoint were worth $769,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of SiriusPoint by 84.7% during the second quarter. CWM LLC now owns 2,289 shares of the company’s stock worth $28,000 after buying an additional 1,050 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of SiriusPoint in the 1st quarter valued at $127,000. SG Americas Securities LLC purchased a new stake in shares of SiriusPoint during the 1st quarter worth $142,000. AXS Investments LLC acquired a new position in shares of SiriusPoint during the fourth quarter worth $163,000. Finally, Summit Global Investments purchased a new position in SiriusPoint in the second quarter valued at $166,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

SiriusPoint stock opened at $14.25 on Friday. The stock has a market cap of $2.43 billion, a PE ratio of 8.48 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. The stock’s fifty day moving average is $14.28 and its two-hundred day moving average is $13.07. SiriusPoint Ltd. has a 1-year low of $9.43 and a 1-year high of $15.16.

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

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.