Hennessy Advisors Inc. Buys 50,000 Shares of SiriusPoint Ltd. (NYSE:SPNT)

Hennessy Advisors Inc. raised its stake in SiriusPoint Ltd. (NYSE:SPNT) by 6.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 784,105 shares of the company’s stock after buying an additional 50,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in SiriusPoint were worth $12,851,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SPNT. Dimensional Fund Advisors LP raised its stake in shares of SiriusPoint by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,711,403 shares of the company’s stock worth $81,880,000 after acquiring an additional 321,296 shares in the last quarter. State Street Corp grew its holdings in SiriusPoint by 4.8% in the third quarter. State Street Corp now owns 3,578,129 shares of the company’s stock worth $51,310,000 after purchasing an additional 162,959 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of SiriusPoint by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock valued at $32,769,000 after purchasing an additional 115,868 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of 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. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of SiriusPoint by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 883,749 shares of the company’s stock worth $12,673,000 after purchasing an additional 63,186 shares in the last quarter. 52.79% of the stock is currently owned by institutional investors.

SiriusPoint Trading Up 1.4 %

Shares of NYSE:SPNT opened at $15.00 on Friday. The business’s 50-day moving average is $15.07 and its 200 day moving average is $14.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.56 and a quick ratio of 0.56. SiriusPoint Ltd. has a 1 year low of $10.84 and a 1 year high of $16.50. The firm has a market capitalization of $2.43 billion, a P/E ratio of 9.43 and a beta of 0.95.

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.