78,974 Shares in SiriusPoint Ltd. $SPNT Purchased by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC bought a new position in shares of SiriusPoint Ltd. (NYSE:SPNT) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 78,974 shares of the company’s stock, valued at approximately $1,701,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Optima Capital LLC acquired a new position in SiriusPoint in the 4th quarter valued at approximately $41,000. EverSource Wealth Advisors LLC lifted its position 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 acquiring an additional 1,377 shares during the period. Leonteq Securities AG acquired a new stake in shares of SiriusPoint during the 4th quarter worth approximately $136,000. Torren Management LLC acquired a new stake in shares of SiriusPoint during the 4th quarter worth approximately $143,000. Finally, GAMMA Investing LLC increased its position in shares of SiriusPoint by 46.5% during the fourth quarter. GAMMA Investing LLC now owns 7,413 shares of the company’s stock valued at $162,000 after purchasing an additional 2,352 shares during the period. 52.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings lowered SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Wall Street Zen downgraded shares of SiriusPoint from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. B. Riley Financial assumed coverage on shares of SiriusPoint in a report on Friday, April 17th. They issued a “buy” rating and a $31.00 price target on the stock. Finally, Zacks Research cut shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $31.00.

SiriusPoint Stock Up 0.3%

Shares of SPNT opened at $24.88 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $23.25 and a two-hundred day moving average price of $22.01. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 6.19 and a beta of 0.60. SiriusPoint Ltd. has a 12 month low of $17.17 and a 12 month high of $25.40.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.70 earnings per share for the quarter. SiriusPoint had a return on equity of 16.92% and a net margin of 15.38%.The company had revenue of $774.60 million for the quarter. Equities analysts predict that SiriusPoint Ltd. will post 2.57 EPS for the current fiscal year.

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.