Principal Financial Group Inc. Grows Position in SiriusPoint Ltd. (NYSE:SPNT)

Principal Financial Group Inc. raised its holdings in SiriusPoint Ltd. (NYSE:SPNT) by 1.4% during the third quarter, HoldingsChannel reports. The firm owned 516,241 shares of the company’s stock after buying an additional 7,320 shares during the period. Principal Financial Group Inc.’s holdings in SiriusPoint were worth $7,403,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its stake in SiriusPoint by 84.7% in the 2nd quarter. CWM LLC now owns 2,289 shares of the company’s stock valued at $28,000 after buying an additional 1,050 shares during the period. Bayesian Capital Management LP purchased a new position in SiriusPoint in the first quarter valued at about $127,000. SG Americas Securities LLC purchased a new position in SiriusPoint in the 1st quarter valued at approximately $142,000. Summit Global Investments acquired a new position in shares of SiriusPoint during the 2nd quarter worth $166,000. Finally, ProShare Advisors LLC raised its position in 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 acquiring an additional 1,199 shares during the last quarter. Institutional investors and hedge funds own 52.79% of the company’s stock.

SiriusPoint Price Performance

SPNT stock opened at $14.90 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.56 and a current ratio of 0.56. SiriusPoint Ltd. has a 1 year low of $10.32 and a 1 year high of $15.16. The stock’s 50 day moving average price is $13.94 and its 200 day moving average price is $13.56. The firm has a market cap of $2.41 billion, a P/E ratio of 9.37 and a beta of 0.94.

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.