American Trust Takes Position in SiriusPoint Ltd. (NYSE:SPNT)

American Trust bought a new stake in SiriusPoint Ltd. (NYSE:SPNTGet Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,299 shares of the company’s stock, valued at approximately $77,000.

Several other large investors have also modified their holdings of SPNT. Guggenheim Capital LLC raised its position in SiriusPoint by 43.2% in the 1st quarter. Guggenheim Capital LLC now owns 57,798 shares of the company’s stock valued at $433,000 after purchasing an additional 17,448 shares during the last quarter. Goldman Sachs Group Inc. raised its position in SiriusPoint by 112.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 332,515 shares of the company’s stock valued at $2,487,000 after purchasing an additional 176,217 shares during the last quarter. Captrust Financial Advisors raised its position in SiriusPoint by 250.9% in the 1st quarter. Captrust Financial Advisors now owns 7,376 shares of the company’s stock valued at $55,000 after purchasing an additional 5,274 shares during the last quarter. State Street Corp raised its position in SiriusPoint by 5.3% in the 1st quarter. State Street Corp now owns 3,141,308 shares of the company’s stock valued at $23,497,000 after purchasing an additional 157,200 shares during the last quarter. Finally, Invesco Ltd. raised its position in SiriusPoint by 5.2% in the 1st quarter. Invesco Ltd. now owns 2,033,853 shares of the company’s stock valued at $15,214,000 after purchasing an additional 100,031 shares during the last quarter. Institutional investors and hedge funds own 57.94% of the company’s stock.

SiriusPoint Stock Up 1.6 %

SPNT stock opened at $5.03 on Tuesday. The company has a fifty day moving average price of $4.55 and a 200 day moving average price of $5.64. SiriusPoint Ltd. has a 12 month low of $4.07 and a 12 month high of $10.00. The company has a market cap of $816.61 million, a price-to-earnings ratio of -1.70 and a beta of 0.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.62 and a quick ratio of 0.62.

SiriusPoint (NYSE:SPNTGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.38) EPS for the quarter. The firm had revenue of $473.10 million for the quarter. SiriusPoint had a negative return on equity of 20.34% and a negative net margin of 22.91%.

About SiriusPoint

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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 coverage to various product lines, which includes aviation and space, casualty, contingency, credit and bond, marine and energy, mortgage, and property to insurance and reinsurance companies, government entities, and other risk bearing vehicles.

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Institutional Ownership by Quarter for SiriusPoint (NYSE:SPNT)

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