51,842 Shares in SiriusPoint Ltd. $SPNT Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new stake in shares of SiriusPoint Ltd. (NYSE:SPNT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 51,842 shares of the company’s stock, valued at approximately $1,135,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its position in 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 buying an additional 576 shares during the period. Ameritas Investment Partners Inc. lifted its stake in 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 last quarter. Boothbay Fund Management LLC boosted its holdings in shares of SiriusPoint by 0.9% during the third quarter. Boothbay Fund Management LLC now owns 116,800 shares of the company’s stock valued at $2,113,000 after acquiring an additional 1,007 shares during the period. Mariner LLC boosted its holdings in shares of SiriusPoint by 5.3% during the third quarter. Mariner LLC now owns 23,220 shares of the company’s stock valued at $420,000 after acquiring an additional 1,179 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of 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 during the last quarter. 52.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

SiriusPoint Trading Up 0.7%

NYSE:SPNT opened at $20.40 on Monday. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 5.53 and a beta of 0.66. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. SiriusPoint Ltd. has a 1 year low of $14.76 and a 1 year high of $22.89. The business has a fifty day moving average of $20.50 and a 200-day moving average of $20.03.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data 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. The business had revenue of $973.70 million for the quarter, compared to analysts’ expectations of $773.00 million. SiriusPoint had a net margin of 14.34% and a return on equity of 15.90%.

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.