Capital Research Global Investors Has $121.20 Million Position in SiriusPoint Ltd. $SPNT

Capital Research Global Investors increased its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 17.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,700,000 shares of the company’s stock after purchasing an additional 1,000,000 shares during the period. Capital Research Global Investors owned about 0.06% of SiriusPoint worth $121,203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake in SiriusPoint by 187.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $43,000 after purchasing an additional 1,377 shares in the last quarter. Caitlin John LLC bought a new position in SiriusPoint in the third quarter valued at approximately $39,000. CWM LLC boosted its holdings in shares of SiriusPoint by 231.8% in the third quarter. CWM LLC now owns 9,822 shares of the company’s stock valued at $178,000 after buying an additional 6,862 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of SiriusPoint by 8.4% in the second quarter. Ameritas Investment Partners Inc. now owns 10,469 shares of the company’s stock valued at $213,000 after buying an additional 807 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of SiriusPoint by 867.5% during the second quarter. Russell Investments Group Ltd. now owns 10,710 shares of the company’s stock worth $218,000 after acquiring an additional 9,603 shares in the last quarter. 52.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

SiriusPoint Stock Performance

Shares of SPNT stock opened at $20.39 on Thursday. SiriusPoint Ltd. has a 12 month low of $14.34 and a 12 month high of $22.89. The company’s fifty day simple moving average is $20.56 and its 200-day simple moving average is $19.93. The firm has a market cap of $2.38 billion, a PE ratio of 5.52 and a beta of 0.66. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30.

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

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.