Private Management Group Inc. reduced its position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 12.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,579,635 shares of the company's stock after selling 634,672 shares during the quarter. SiriusPoint accounts for about 2.3% of Private Management Group Inc.'s investment portfolio, making the stock its 2nd biggest holding. Private Management Group Inc. owned 2.68% of SiriusPoint worth $65,672,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in shares of SiriusPoint by 2.8% in the third quarter. State of Alaska Department of Revenue now owns 55,588 shares of the company's stock worth $797,000 after purchasing an additional 1,537 shares during the last quarter. Louisiana State Employees Retirement System raised its position in 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. Seven Grand Managers LLC bought a new position in SiriusPoint during the 3rd quarter valued at about $3,370,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of SiriusPoint in the second quarter worth approximately $1,013,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of SiriusPoint by 28.7% during the second quarter. The Manufacturers Life Insurance Company now owns 52,382 shares of the company's stock valued at $639,000 after purchasing an additional 11,673 shares during the last quarter. 52.79% of the stock is owned by hedge funds and other institutional investors.
SiriusPoint stock traded up $0.21 during midday trading on Friday, reaching $13.35. 710,983 shares of the company traded hands, compared to its average volume of 441,064. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.55 and a quick ratio of 0.55. SiriusPoint Ltd. has a 12 month low of $9.43 and a 12 month high of $15.16. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 8.40 and a beta of 0.94. The business has a 50 day moving average of $14.03 and a two-hundred day moving average of $13.35.
SiriusPoint (NYSE:SPNT - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter. The firm had revenue of $743.30 million for the quarter. SiriusPoint had a return on equity of 13.01% and a net margin of 11.94%.
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.
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