Swiss National Bank Has $2.07 Million Holdings in SiriusPoint Ltd. (NYSE:SPNT)

Swiss National Bank decreased its holdings in SiriusPoint Ltd. (NYSE:SPNT) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,300 shares of the company’s stock after selling 18,700 shares during the period. Swiss National Bank owned about 0.11% of SiriusPoint worth $2,068,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jackson Hole Capital Partners LLC acquired a new position in SiriusPoint in the fourth quarter worth approximately $128,000. Allspring Global Investments Holdings LLC boosted its holdings in SiriusPoint by 31.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,951 shares of the company’s stock valued at $142,000 after purchasing an additional 3,339 shares during the period. Victory Capital Management Inc. acquired a new stake in SiriusPoint during the third quarter worth about $155,000. Precision Wealth Strategies LLC bought a new stake in shares of SiriusPoint during the fourth quarter valued at approximately $208,000. Finally, Everence Capital Management Inc. raised its stake 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 valued at $244,000 after buying an additional 10,500 shares in the last quarter. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Stock Down 2.5 %

Shares of SPNT opened at $12.97 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 7.72 and a beta of 0.95. SiriusPoint Ltd. has a 12 month low of $8.47 and a 12 month high of $13.50. The company has a 50-day moving average price of $12.42 and a two-hundred day moving average price of $11.76.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.49 EPS for the quarter. The firm had revenue of $685.50 million for the quarter. SiriusPoint had a net margin of 11.57% and a return on equity of 14.59%.

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.