Legal & General Group Plc Invests $5.76 Million in SiriusPoint Ltd. $SPNT

Legal & General Group Plc acquired a new stake in SiriusPoint Ltd. (NYSE:SPNT) in the 2nd quarter, HoldingsChannel reports. The fund acquired 240,141 shares of the company’s stock, valued at approximately $5,763,000.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in SiriusPoint by 187.1% during the second 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 in the last quarter. Leonteq Securities AG bought a new position in shares of SiriusPoint in the 4th quarter valued at about $136,000. Inspire Investing LLC acquired a new position in shares of SiriusPoint during the 4th quarter worth about $185,000. Vise Technologies Inc. bought a new stake in shares of SiriusPoint in the 2nd quarter valued at about $205,000. Finally, Globeflex Capital L P acquired a new stake in SiriusPoint in the 2nd quarter valued at about $206,000. 52.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SPNT. Wall Street Zen downgraded SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of SiriusPoint in a research report on Friday, August 7th. Finally, Zacks Research downgraded SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.00.

SiriusPoint Stock Performance

NYSE SPNT opened at $24.88 on Friday. The firm has a 50-day moving average of $24.18 and a 200-day moving average of $22.88. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $2.89 billion, a PE ratio of 6.07 and a beta of 0.61. SiriusPoint Ltd. has a 52-week low of $17.17 and a 52-week high of $26.48.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $744.10 million for the quarter, compared to analyst estimates of $798.95 million. SiriusPoint had a net margin of 15.56% and a return on equity of 15.65%. On average, sell-side analysts anticipate that SiriusPoint Ltd. will post 2.57 EPS for the current 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.