Miracle Mile Advisors LLC Buys Shares of 30,925 SiriusPoint Ltd. (NYSE:SPNT)

Miracle Mile Advisors LLC purchased a new position in SiriusPoint Ltd. (NYSE:SPNT) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 30,925 shares of the company’s stock, valued at approximately $393,000.

Several other institutional investors and hedge funds have also made changes to their positions in SPNT. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in SiriusPoint during the 4th quarter worth about $16,259,000. Weiss Asset Management LP acquired a new position in shares of SiriusPoint in the fourth quarter valued at approximately $15,083,000. Campbell & CO Investment Adviser LLC raised its position in shares of SiriusPoint by 217.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 104,133 shares of the company’s stock valued at $1,208,000 after buying an additional 71,288 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of SiriusPoint by 11.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 1,193,479 shares of the company’s stock valued at $13,844,000 after buying an additional 120,065 shares during the period. Finally, Federated Hermes Inc. boosted its position in SiriusPoint by 286.5% during the fourth quarter. Federated Hermes Inc. now owns 656,058 shares of the company’s stock worth $7,610,000 after acquiring an additional 486,323 shares during the last quarter. 52.79% of the stock is currently owned by hedge funds and other institutional investors.

SiriusPoint Trading Down 0.2 %

Shares of SPNT opened at $12.17 on Tuesday. SiriusPoint Ltd. has a fifty-two week low of $8.47 and a fifty-two week high of $13.50. The company has a market capitalization of $2.07 billion, a PE ratio of 7.24 and a beta of 0.94. The stock has a fifty day moving average of $12.53 and a two-hundred day moving average of $12.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.58 and a current ratio of 0.58.

SiriusPoint (NYSE:SPNT) last released its earnings results 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 during the quarter.

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.