Readystate Asset Management LP Makes New $827,000 Investment in SiriusPoint Ltd. (NYSE:SPNT)

Readystate Asset Management LP purchased a new position in SiriusPoint Ltd. (NYSE:SPNT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 57,644 shares of the company’s stock, valued at approximately $827,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPNT. Janus Henderson Group PLC increased its position in SiriusPoint by 49.8% in the third quarter. Janus Henderson Group PLC now owns 57,322 shares of the company’s stock worth $822,000 after buying an additional 19,065 shares during the period. ClearAlpha Technologies LP acquired a new stake in SiriusPoint in the third quarter worth $298,000. Edgestream Partners L.P. increased its position in SiriusPoint by 300.9% in the third quarter. Edgestream Partners L.P. now owns 252,699 shares of the company’s stock worth $3,624,000 after buying an additional 189,660 shares during the period. PDT Partners LLC increased its position in SiriusPoint by 36.3% in the third quarter. PDT Partners LLC now owns 130,186 shares of the company’s stock worth $1,867,000 after buying an additional 34,702 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in shares of SiriusPoint by 2.0% during the third quarter. Public Sector Pension Investment Board now owns 206,641 shares of the company’s stock valued at $2,963,000 after purchasing an additional 4,100 shares during the period. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

Shares of SPNT opened at $16.05 on Friday. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 10.09 and a beta of 0.98. 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 one year low of $10.35 and a one year high of $16.07. The stock’s fifty day moving average is $14.24 and its 200-day moving average is $13.78.

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.