460,869 Shares in SiriusPoint Ltd. $SPNT Purchased by LSV Asset Management

LSV Asset Management acquired a new position in shares of SiriusPoint Ltd. (NYSE:SPNT) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 460,869 shares of the company’s stock, valued at approximately $8,337,000. LSV Asset Management owned approximately 0.39% of SiriusPoint at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new position in SiriusPoint during the second quarter worth about $270,000. Exchange Traded Concepts LLC purchased a new position in SiriusPoint in the 3rd quarter worth approximately $1,934,000. Campbell & CO Investment Adviser LLC boosted its holdings in shares of SiriusPoint by 124.3% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 46,139 shares of the company’s stock worth $941,000 after purchasing an additional 25,567 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of SiriusPoint by 45.0% during the 2nd quarter. Federated Hermes Inc. now owns 600,985 shares of the company’s stock worth $12,254,000 after purchasing an additional 186,493 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in shares of SiriusPoint by 184.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 74,296 shares of the company’s stock valued at $1,515,000 after purchasing an additional 48,186 shares in the last quarter. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Stock Down 0.5%

Shares of SPNT opened at $20.50 on Friday. The company’s 50-day moving average price is $20.97 and its 200 day moving average price is $19.63. SiriusPoint Ltd. has a 12-month low of $13.26 and a 12-month high of $22.89. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2.39 billion, a P/E ratio of 12.89 and a beta of 0.68.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “buy (b+)” rating on shares of SiriusPoint in a research note on Monday, December 29th. Zacks Research cut shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Raymond James Financial initiated coverage on shares of SiriusPoint in a report on Friday, January 16th. They issued a “market perform” rating for the company. Wall Street Zen downgraded shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, Jefferies Financial Group upgraded shares of SiriusPoint to a “hold” rating in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.00.

SiriusPoint Profile

SiriusPoint Ltd. is a global insurance and reinsurance company headquartered in Bermuda, offering a broad range of property and casualty solutions to clients around the world. The company operates through two core segments: reinsurance, which provides treaty and facultative coverage across property, casualty and specialty lines; and insurance, which underwrites specialty programs, fronting arrangements and other tailored products for commercial and niche markets. This integrated model allows SiriusPoint to leverage shared underwriting expertise and capital efficiency across its product suite.

On the reinsurance side, SiriusPoint’s offerings include coverage for natural catastrophes, casualty losses, political risk and other complex exposures, with both proportional and non-proportional treaty structures.