Algert Global LLC Has $125,000 Position in SiriusPoint Ltd. (NYSE:SPNT)

Algert Global LLC cut its holdings in SiriusPoint Ltd. (NYSE:SPNT) by 77.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,243 shares of the company’s stock after selling 34,487 shares during the quarter. Algert Global LLC’s holdings in SiriusPoint were worth $125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPNT. Syon Capital LLC increased its holdings in shares of SiriusPoint by 31.1% in the fourth quarter. Syon Capital LLC now owns 39,563 shares of the company’s stock valued at $459,000 after purchasing an additional 9,381 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of SiriusPoint by 0.3% in the 4th quarter. Wellington Management Group LLP now owns 8,800,094 shares of the company’s stock valued at $102,081,000 after buying an additional 29,552 shares during the period. Miracle Mile Advisors LLC bought a new stake in shares of SiriusPoint during the first quarter worth $393,000. Principal Financial Group Inc. raised its position in shares of SiriusPoint by 9.7% during the first quarter. Principal Financial Group Inc. now owns 514,533 shares of the company’s stock worth $6,540,000 after acquiring an additional 45,514 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its stake in shares of SiriusPoint by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 79,199 shares of the company’s stock valued at $1,007,000 after acquiring an additional 1,026 shares during the period. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Price Performance

Shares of SPNT stock opened at $13.62 on Friday. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 7.24 and a beta of 0.93. SiriusPoint Ltd. has a 12 month low of $9.43 and a 12 month high of $15.16. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $14.29 and a 200 day moving average price of $13.24.

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