SiriusPoint (NYSE:SPNT) Sets New 52-Week High – Still a Buy?

SiriusPoint Ltd. (NYSE:SPNT) hit a new 52-week high during trading on Tuesday . The stock traded as high as $15.95 and last traded at $15.95, with a volume of 243 shares changing hands. The stock had previously closed at $15.52.

SiriusPoint Trading Up 1.1 %

The firm has a market cap of $2.54 billion, a P/E ratio of 9.76 and a beta of 0.98. The company has a 50 day moving average of $14.16 and a 200 day moving average of $13.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.56 and a current ratio of 0.56.

Institutional Investors Weigh In On SiriusPoint

A number of large investors have recently added to or reduced their stakes in SPNT. Price T Rowe Associates Inc. MD boosted its position in SiriusPoint by 7.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,397 shares of the company’s stock worth $539,000 after purchasing an additional 2,800 shares during the period. California State Teachers Retirement System boosted its position in shares of SiriusPoint by 5.8% in the first quarter. California State Teachers Retirement System now owns 97,565 shares of the company’s stock valued at $1,240,000 after acquiring an additional 5,381 shares during the period. CWM LLC boosted its position in shares of SiriusPoint by 84.7% in the second quarter. CWM LLC now owns 2,289 shares of the company’s stock valued at $28,000 after acquiring an additional 1,050 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of SiriusPoint in the second quarter valued at approximately $5,470,000. Finally, Summit Global Investments bought a new stake in shares of SiriusPoint in the second quarter valued at approximately $166,000. Institutional investors own 52.79% of the company’s stock.

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.