Royce & Associates LP Reduces Stock Holdings in SiriusPoint Ltd. $SPNT

Royce & Associates LP lessened its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 45.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,180 shares of the company’s stock after selling 42,042 shares during the quarter. Royce & Associates LP’s holdings in SiriusPoint were worth $1,120,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SPNT. Caitlin John LLC purchased a new position in SiriusPoint during the 3rd quarter valued at about $39,000. Optima Capital LLC purchased a new stake in shares of SiriusPoint in the fourth quarter valued at about $41,000. EverSource Wealth Advisors LLC lifted its holdings in shares of SiriusPoint by 187.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock valued at $43,000 after purchasing an additional 1,377 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of SiriusPoint in the fourth quarter valued at approximately $136,000. Finally, Torren Management LLC acquired a new stake in shares of SiriusPoint in the fourth quarter valued at approximately $143,000. 52.79% of the stock is currently owned by hedge funds and other institutional investors.

SiriusPoint Stock Performance

Shares of SPNT opened at $21.34 on Monday. SiriusPoint Ltd. has a 1 year low of $17.17 and a 1 year high of $24.32. The company’s 50 day simple moving average is $22.65 and its 200 day simple moving average is $21.50. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 5.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings results 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 during the quarter. On average, sell-side analysts predict that SiriusPoint Ltd. will post 2.57 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on SPNT. Wall Street Zen downgraded SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research cut SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Jefferies Financial Group raised SiriusPoint to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings downgraded SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Finally, B. Riley Financial started coverage on SiriusPoint in a research note on Friday, April 17th. They set a “buy” rating and a $31.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, SiriusPoint has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

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.