SiriusPoint (NYSE:SPNT) Shares Down 3.4% – Time to Sell?

SiriusPoint Ltd. (NYSE:SPNT) fell 3.4% on Thursday . The stock traded as low as $15.82 and last traded at $15.84. 280,165 shares were traded during trading, a decline of 52% from the average session volume of 581,573 shares. The stock had previously closed at $16.39.

SiriusPoint Stock Down 5.6 %

The firm has a fifty day simple moving average of $14.75 and a 200 day simple moving average of $14.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $2.51 billion, a PE ratio of 9.74 and a beta of 0.98.

Institutional Trading of SiriusPoint

Several institutional investors have recently made changes to their positions in the stock. Natixis Advisors LLC increased its position in SiriusPoint by 6.6% during the 2nd quarter. Natixis Advisors LLC now owns 17,167 shares of the company’s stock worth $209,000 after purchasing an additional 1,059 shares in the last quarter. Sei Investments Co. increased its position in shares of SiriusPoint by 12.4% in the second quarter. Sei Investments Co. now owns 22,580 shares of the company’s stock worth $275,000 after acquiring an additional 2,489 shares in the last quarter. ClearAlpha Technologies LP purchased a new position in shares of SiriusPoint in the 3rd quarter valued at $298,000. Arizona State Retirement System lifted its holdings in shares of SiriusPoint by 3.2% during the 2nd quarter. Arizona State Retirement System now owns 28,513 shares of the company’s stock valued at $348,000 after acquiring an additional 880 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in SiriusPoint by 28.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,382 shares of the company’s stock worth $639,000 after purchasing an additional 11,673 shares during the period. 52.79% of the stock is owned by hedge funds and other institutional investors.

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.