Teachers Retirement System of The State of Kentucky Acquires 25,845 Shares of SiriusPoint Ltd. $SPNT

Teachers Retirement System of The State of Kentucky grew its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 63.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,311 shares of the company’s stock after acquiring an additional 25,845 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.06% of SiriusPoint worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Arizona State Retirement System increased its holdings in shares of SiriusPoint by 1.9% in the third quarter. Arizona State Retirement System now owns 31,050 shares of the company’s stock worth $562,000 after purchasing an additional 576 shares during the last quarter. ProShare Advisors LLC raised its stake in SiriusPoint by 2.7% during the second quarter. ProShare Advisors LLC now owns 22,698 shares of the company’s stock valued at $463,000 after purchasing an additional 592 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in SiriusPoint by 8.4% during the second quarter. Ameritas Investment Partners Inc. now owns 10,469 shares of the company’s stock valued at $213,000 after purchasing an additional 807 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of SiriusPoint by 187.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $43,000 after buying an additional 1,377 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of SiriusPoint by 7.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,647 shares of the company’s stock worth $482,000 after buying an additional 1,568 shares during the last quarter. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Stock Down 0.5%

NYSE:SPNT opened at $21.13 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. The company’s fifty day moving average price is $20.68 and its 200-day moving average price is $19.86. SiriusPoint Ltd. has a 1-year low of $14.05 and a 1-year high of $22.89. The firm has a market capitalization of $2.47 billion, a P/E ratio of 5.73 and a beta of 0.66.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.16. The company had revenue of $973.70 million for the quarter, compared to the consensus estimate of $773.00 million. SiriusPoint had a return on equity of 15.90% and a net margin of 14.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SPNT shares. Wall Street Zen lowered shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Jefferies Financial Group upgraded SiriusPoint to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings raised SiriusPoint from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, February 25th. Raymond James Financial started coverage on SiriusPoint in a research note on Friday, January 16th. They set a “market perform” rating on the stock. Finally, Zacks Research cut shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.00.

SiriusPoint Company 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.