Leuthold Group LLC acquired a new position in SiriusPoint Ltd. (NYSE:SPNT – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 159,787 shares of the company’s stock, valued at approximately $3,875,000. Leuthold Group LLC owned about 0.14% of SiriusPoint as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of SPNT. Ethic Inc. grew its holdings in SiriusPoint by 18.7% during the third quarter. Ethic Inc. now owns 13,467 shares of the company’s stock worth $327,000 after buying an additional 2,119 shares in the last quarter. Vise Technologies Inc. raised its position in SiriusPoint by 125.0% in the 3rd quarter. Vise Technologies Inc. now owns 19,218 shares of the company’s stock valued at $466,000 after buying an additional 10,678 shares during the last quarter. Choreo LLC purchased a new stake in SiriusPoint in the 3rd quarter valued at $224,000. Robeco Institutional Asset Management B.V. lifted its stake in SiriusPoint by 49.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 38,521 shares of the company’s stock valued at $934,000 after acquiring an additional 12,808 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its stake in SiriusPoint by 25.8% during the 3rd quarter. Contravisory Investment Management Inc. now owns 13,388 shares of the company’s stock valued at $325,000 after acquiring an additional 2,745 shares in the last quarter. 52.79% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on SPNT. Weiss Ratings upgraded shares of SiriusPoint from a “buy (a-)” rating to a “buy (a)” rating in a research note on Tuesday, October 27th. Royal Bank Of Canada started coverage on shares of SiriusPoint in a report on Tuesday, September 22nd. They issued an “outperform” rating and a $30.00 target price for the company. Finally, Oppenheimer reissued an “outperform” rating and set a $31.00 price target on shares of SiriusPoint in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, SiriusPoint currently has an average rating of “Moderate Buy” and an average price target of $30.67.
SiriusPoint Trading Up 0.2%
Shares of SiriusPoint stock opened at $26.38 on Tuesday. SiriusPoint Ltd. has a 1 year low of $19.15 and a 1 year high of $27.12. The firm has a market cap of $3.06 billion, a PE ratio of 6.42 and a beta of 0.60. The stock has a fifty day moving average price of $25.09 and a 200-day moving average price of $23.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.58 and a quick ratio of 0.58.
SiriusPoint (NYSE:SPNT – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.24. The company had revenue of $867.60 million for the quarter, compared to analysts’ expectations of $740.99 million. SiriusPoint had a return on equity of 15.65% and a net margin of 15.56%. Equities research analysts anticipate that SiriusPoint Ltd. will post 2.64 EPS for the current year.
SiriusPoint Company Profile
SiriusPoint Ltd. is a Bermuda-based global insurer and reinsurer that provides specialty insurance and reinsurance products to businesses and other organizations. Its offerings span areas such as property and casualty, accident and health, and other specialty risks.
The company works with brokers, agents, managing general agents and other distribution partners to underwrite risks across a range of markets. Its business serves clients in the United States and internationally, including in Europe and other regions.
SiriusPoint was formed in 2021 when Third Point Reinsurance Ltd.
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