Bridgeway Capital Management LLC Reduces Holdings in SiriusPoint Ltd. $SPNT

Bridgeway Capital Management LLC decreased its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 7.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 927,413 shares of the company’s stock after selling 74,979 shares during the period. Bridgeway Capital Management LLC owned approximately 0.79% of SiriusPoint worth $20,301,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Caitlin John LLC purchased a new stake in shares of SiriusPoint during the third quarter worth about $39,000. Optima Capital LLC purchased a new stake in shares of SiriusPoint during the fourth quarter worth about $41,000. EverSource Wealth Advisors LLC grew its stake 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. Leonteq Securities AG purchased a new stake in shares of SiriusPoint during the fourth quarter worth about $136,000. Finally, Torren Management LLC purchased a new stake in shares of SiriusPoint during the fourth quarter worth about $143,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. B. Riley Financial assumed coverage on SiriusPoint in a research note on Friday, April 17th. They set a “buy” rating and a $31.00 price target on the stock. Zacks Research downgraded SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Wall Street Zen downgraded SiriusPoint from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings downgraded SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, SiriusPoint presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

SiriusPoint Trading Down 0.8%

SiriusPoint stock opened at $23.09 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.30. SiriusPoint Ltd. has a 52 week low of $17.17 and a 52 week high of $24.32. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 5.74 and a beta of 0.61. The stock has a 50-day moving average price of $22.87 and a 200 day moving average price of $21.68.

SiriusPoint (NYSE:SPNT) last released its earnings results on Tuesday, March 31st. The company reported $0.70 EPS for the quarter. SiriusPoint had a return on equity of 16.92% and a net margin of 15.38%.The firm had revenue of $774.60 million during the quarter. 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.