Principal Financial Group Inc. Purchases 7,320 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Principal Financial Group Inc. boosted its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 516,241 shares of the company’s stock after buying an additional 7,320 shares during the quarter. Principal Financial Group Inc. owned approximately 0.30% of SiriusPoint worth $7,403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SPNT. CWM LLC grew its holdings in SiriusPoint by 84.7% in the second quarter. CWM LLC now owns 2,289 shares of the company’s stock worth $28,000 after purchasing an additional 1,050 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of SiriusPoint in the first quarter valued at approximately $127,000. SG Americas Securities LLC acquired a new position in SiriusPoint during the first quarter worth $142,000. Summit Global Investments acquired a new stake in SiriusPoint in the 2nd quarter worth about $166,000. Finally, ProShare Advisors LLC raised its stake in SiriusPoint by 8.8% in the 1st quarter. ProShare Advisors LLC now owns 14,775 shares of the company’s stock valued at $188,000 after purchasing an additional 1,199 shares during the last quarter. 52.79% of the stock is currently owned by hedge funds and other institutional investors.

SiriusPoint Price Performance

SPNT stock opened at $14.90 on Wednesday. The business has a 50 day simple moving average of $13.94 and a 200-day simple moving average of $13.56. The firm has a market capitalization of $2.41 billion, a PE ratio of 9.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.56 and a quick ratio of 0.56. SiriusPoint Ltd. has a 1 year low of $10.32 and a 1 year high of $15.16.

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.