Syon Capital LLC Has $459,000 Stock Position in SiriusPoint Ltd. (NYSE:SPNT)

Syon Capital LLC lifted its stake in SiriusPoint Ltd. (NYSE:SPNT) by 31.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,563 shares of the company’s stock after buying an additional 9,381 shares during the period. Syon Capital LLC’s holdings in SiriusPoint were worth $459,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in SiriusPoint by 31.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 13,951 shares of the company’s stock valued at $142,000 after acquiring an additional 3,339 shares during the period. Victory Capital Management Inc. bought a new position in shares of SiriusPoint during the third quarter valued at $155,000. Everence Capital Management Inc. grew its holdings in shares of SiriusPoint by 100.0% in the 4th quarter. Everence Capital Management Inc. now owns 21,000 shares of the company’s stock worth $244,000 after purchasing an additional 10,500 shares during the last quarter. Strs Ohio increased its position in shares of SiriusPoint by 222.9% during the 4th quarter. Strs Ohio now owns 35,200 shares of the company’s stock worth $408,000 after purchasing an additional 24,300 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of SiriusPoint by 15.9% during the 3rd quarter. Deutsche Bank AG now owns 43,057 shares of the company’s stock worth $438,000 after purchasing an additional 5,922 shares in the last quarter. 52.79% of the stock is owned by institutional investors and hedge funds.

SiriusPoint Price Performance

Shares of SiriusPoint stock opened at $12.08 on Friday. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 6.13 and a beta of 0.96. The firm’s 50-day moving average price is $12.24 and its two-hundred day moving average price is $11.42. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. SiriusPoint Ltd. has a 1-year low of $8.39 and a 1-year high of $13.03.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.50 EPS for the quarter. SiriusPoint had a return on equity of 17.48% and a net margin of 13.28%. The business had revenue of $645.80 million for 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.