Intech Investment Management LLC Buys New Holdings in SiriusPoint Ltd. (NYSE:SPNT)

Intech Investment Management LLC bought a new stake in SiriusPoint Ltd. (NYSE:SPNT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 118,875 shares of the company’s stock, valued at approximately $1,705,000. Intech Investment Management LLC owned approximately 0.07% of SiriusPoint at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SPNT. CWM LLC grew its position in SiriusPoint by 84.7% in the second quarter. CWM LLC now owns 2,289 shares of the company’s stock valued at $28,000 after acquiring an additional 1,050 shares during the period. Bayesian Capital Management LP bought a new stake in SiriusPoint in the first quarter valued at $127,000. Summit Global Investments bought a new stake in SiriusPoint in the second quarter valued at $166,000. ProShare Advisors LLC grew its position in SiriusPoint by 8.8% in the first quarter. ProShare Advisors LLC now owns 14,775 shares of the company’s stock valued at $188,000 after acquiring an additional 1,199 shares during the period. Finally, Natixis Advisors LLC grew its position in SiriusPoint by 6.6% in the second quarter. Natixis Advisors LLC now owns 17,167 shares of the company’s stock valued at $209,000 after acquiring an additional 1,059 shares during the period. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Price Performance

Shares of SPNT stock opened at $15.60 on Tuesday. SiriusPoint Ltd. has a 52 week low of $10.35 and a 52 week high of $15.88. The stock has a market capitalization of $2.53 billion, a PE ratio of 9.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.56 and a current ratio of 0.56. The stock’s fifty day moving average is $14.05 and its 200-day moving average is $13.65.

SiriusPoint 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.