Edgestream Partners L.P. Purchases 65,230 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Edgestream Partners L.P. lifted its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 68.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,814 shares of the company’s stock after purchasing an additional 65,230 shares during the period. Edgestream Partners L.P. owned 0.09% of SiriusPoint worth $2,044,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Donald Smith & CO. Inc. increased its stake in shares of SiriusPoint by 15.7% during the first quarter. Donald Smith & CO. Inc. now owns 6,634,051 shares of the company’s stock worth $84,319,000 after purchasing an additional 899,666 shares during the period. Jupiter Asset Management Ltd. increased its stake in shares of SiriusPoint by 7.1% during the first quarter. Jupiter Asset Management Ltd. now owns 397,950 shares of the company’s stock worth $5,058,000 after purchasing an additional 26,445 shares during the period. Entropy Technologies LP bought a new position in shares of SiriusPoint during the first quarter worth approximately $225,000. ProShare Advisors LLC increased its stake in shares of SiriusPoint by 8.8% during the first quarter. ProShare Advisors LLC now owns 14,775 shares of the company’s stock worth $188,000 after purchasing an additional 1,199 shares during the period. Finally, Swiss National Bank increased its stake in shares of SiriusPoint by 11.3% during the first quarter. Swiss National Bank now owns 198,400 shares of the company’s stock worth $2,522,000 after purchasing an additional 20,100 shares during the period. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

SiriusPoint stock traded up $0.13 during mid-day trading on Monday, reaching $13.37. 382,998 shares of the company were exchanged, compared to its average volume of 630,335. The company has a fifty day simple moving average of $12.65 and a 200-day simple moving average of $12.25. SiriusPoint Ltd. has a 12 month low of $9.24 and a 12 month high of $13.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $2.28 billion, a PE ratio of 7.92 and a beta of 0.94.

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

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.