R Squared Ltd Acquires New Shares in SiriusPoint Ltd. (NYSE:SPNT)

R Squared Ltd acquired a new stake in SiriusPoint Ltd. (NYSE:SPNT) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,110 shares of the company’s stock, valued at approximately $35,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPNT. KBC Group NV grew its stake in SiriusPoint by 80.1% in the fourth quarter. KBC Group NV now owns 5,935 shares of the company’s stock valued at $97,000 after acquiring an additional 2,640 shares during the period. SG Americas Securities LLC acquired a new position in shares of SiriusPoint during the fourth quarter worth about $185,000. ClearAlpha Technologies LP bought a new stake in SiriusPoint during the third quarter worth about $298,000. Sei Investments Co. raised its holdings in SiriusPoint by 12.4% during the second quarter. Sei Investments Co. now owns 22,580 shares of the company’s stock worth $275,000 after acquiring an additional 2,489 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in SiriusPoint by 8.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 24,971 shares of the company’s stock worth $409,000 after acquiring an additional 1,945 shares in the last quarter. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

NYSE:SPNT opened at $14.11 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is $15.02 and its two-hundred day moving average price is $14.49. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 8.87 and a beta of 0.95. SiriusPoint Ltd. has a 12-month low of $11.27 and a 12-month high of $16.50.

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.