Jupiter Asset Management Ltd. Takes Position in SiriusPoint Ltd. (NYSE:SPNT)

Jupiter Asset Management Ltd. bought a new position in SiriusPoint Ltd. (NYSE:SPNTFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 316,243 shares of the company’s stock, valued at approximately $3,216,000. Jupiter Asset Management Ltd. owned approximately 0.19% of SiriusPoint at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its holdings in shares of SiriusPoint by 83.9% during the first quarter. PNC Financial Services Group Inc. now owns 4,821 shares of the company’s stock valued at $36,000 after purchasing an additional 2,200 shares in the last quarter. UBS Group AG lifted its holdings in shares of SiriusPoint by 666.0% during the third quarter. UBS Group AG now owns 6,044 shares of the company’s stock valued at $30,000 after purchasing an additional 5,255 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of SiriusPoint by 250.9% during the first 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 in the last quarter. Simplex Trading LLC lifted its holdings in shares of SiriusPoint by 26.3% during the second quarter. Simplex Trading LLC now owns 9,897 shares of the company’s stock valued at $89,000 after purchasing an additional 2,062 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of SiriusPoint during the third quarter valued at $107,000. 59.83% of the stock is owned by institutional investors.

SiriusPoint Stock Up 3.0 %

SiriusPoint stock opened at $12.16 on Friday. The stock has a market cap of $2.04 billion, a PE ratio of 9.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 0.57. SiriusPoint Ltd. has a one year low of $6.47 and a one year high of $12.44. The stock has a fifty day moving average of $11.44 and a 200 day moving average of $10.71.

SiriusPoint (NYSE:SPNTGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.32 EPS for the quarter. The company had revenue of $702.60 million during the quarter. SiriusPoint had a return on equity of 12.49% and a net margin of 8.90%.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded SiriusPoint from a “c” rating to a “b” rating in a research report on Thursday, November 9th.

Read Our Latest Stock Analysis on SiriusPoint

SiriusPoint Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for SiriusPoint (NYSE:SPNT)

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