Victory Capital Management Inc. Has $823,000 Stake in SiriusPoint Ltd. (NYSE:SPNT)

Victory Capital Management Inc. raised its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 5.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 57,420 shares of the company’s stock after purchasing an additional 3,177 shares during the period. Victory Capital Management Inc.’s holdings in SiriusPoint were worth $823,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in SiriusPoint by 18.5% during the 2nd quarter. American Century Companies Inc. now owns 2,093,696 shares of the company’s stock valued at $25,543,000 after purchasing an additional 327,275 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of SiriusPoint by 1,359.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 66,916 shares of the company’s stock worth $816,000 after buying an additional 62,331 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of SiriusPoint by 1.7% in the 3rd quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the company’s stock worth $675,000 after buying an additional 800 shares during the last quarter. Maverick Capital Ltd. boosted its stake in shares of SiriusPoint by 264.9% in the 2nd quarter. Maverick Capital Ltd. now owns 92,070 shares of the company’s stock worth $1,123,000 after buying an additional 66,841 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of SiriusPoint by 84.7% in the 2nd quarter. CWM LLC now owns 2,289 shares of the company’s stock worth $28,000 after buying an additional 1,050 shares during the last quarter. Institutional investors and hedge funds own 52.79% of the company’s stock.

SiriusPoint Price Performance

Shares of NYSE SPNT opened at $15.45 on Thursday. SiriusPoint Ltd. has a twelve month low of $10.35 and a twelve month high of $15.88. The stock’s 50 day moving average price is $14.08 and its 200-day moving average price is $13.67. The company has a market capitalization of $2.50 billion, a PE ratio of 9.75 and a beta of 0.94. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.26.

About SiriusPoint

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.