SiriusPoint (NYSE:SPNT) Reaches New 52-Week High at $12.71

Shares of SiriusPoint Ltd. (NYSE:SPNT) hit a new 52-week high during trading on Thursday . The company traded as high as $12.71 and last traded at $12.70, with a volume of 19515 shares traded. The stock had previously closed at $12.54.

SiriusPoint Trading Up 1.8 %

The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 6.37 and a beta of 0.95. The business’s 50-day simple moving average is $12.03 and its two-hundred day simple moving average is $11.12. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.34.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.50 earnings per share for the quarter. The firm had revenue of $645.80 million during the quarter. SiriusPoint had a net margin of 13.28% and a return on equity of 17.48%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Donald Smith & CO. Inc. boosted its stake in SiriusPoint by 34.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 5,734,385 shares of the company’s stock worth $66,519,000 after purchasing an additional 1,453,489 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in SiriusPoint during the 4th quarter worth $16,259,000. Weiss Asset Management LP acquired a new stake in shares of SiriusPoint in the 4th quarter worth $15,083,000. Wellington Management Group LLP lifted its stake in shares of SiriusPoint by 14.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,770,542 shares of the company’s stock worth $89,196,000 after acquiring an additional 1,102,466 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of SiriusPoint by 9.3% in the 3rd quarter. Vanguard Group Inc. now owns 10,595,004 shares of the company’s stock worth $107,751,000 after acquiring an additional 897,341 shares during the period. Institutional investors and hedge funds own 52.79% of the company’s stock.

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.