Everence Capital Management Inc. Purchases 10,500 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Everence Capital Management Inc. increased its position in SiriusPoint Ltd. (NYSE:SPNT) by 100.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,000 shares of the company’s stock after buying an additional 10,500 shares during the quarter. Everence Capital Management Inc.’s holdings in SiriusPoint were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. UBS Group AG increased its stake in SiriusPoint by 666.0% in the 3rd quarter. UBS Group AG now owns 6,044 shares of the company’s stock worth $30,000 after purchasing an additional 5,255 shares during the period. PNC Financial Services Group Inc. increased its stake in SiriusPoint by 83.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,821 shares of the company’s stock worth $36,000 after purchasing an additional 2,200 shares during the period. Captrust Financial Advisors increased its stake in SiriusPoint by 250.9% in the 1st quarter. Captrust Financial Advisors now owns 7,376 shares of the company’s stock worth $55,000 after purchasing an additional 5,274 shares during the period. Walleye Capital LLC purchased a new position in SiriusPoint in the 2nd quarter worth approximately $62,000. Finally, Jane Street Group LLC purchased a new position in SiriusPoint in the 3rd quarter worth approximately $62,000. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

SPNT opened at $11.99 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.58. SiriusPoint Ltd. has a 52-week low of $8.39 and a 52-week high of $13.03. The stock has a market capitalization of $2.03 billion, a PE ratio of 6.08 and a beta of 0.96. The stock’s 50 day moving average price is $12.24 and its 200-day moving average price is $11.34.

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

SiriusPoint Company 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.