49,312 Shares in SiriusPoint Ltd. $SPNT Bought by Ritholtz Wealth Management

Ritholtz Wealth Management acquired a new stake in SiriusPoint Ltd. (NYSE:SPNT) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 49,312 shares of the company’s stock, valued at approximately $1,062,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Caitlin John LLC bought a new stake in shares of SiriusPoint during the 3rd quarter valued at approximately $39,000. Optima Capital LLC acquired a new stake in SiriusPoint in the fourth quarter valued at approximately $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 buying an additional 1,377 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of SiriusPoint during the fourth quarter worth $136,000. Finally, Torren Management LLC acquired a new position in shares of SiriusPoint during the fourth quarter worth $143,000. Institutional investors own 52.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Zacks Research lowered SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings downgraded SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, B. Riley Financial assumed coverage on shares of SiriusPoint in a research report on Friday, April 17th. They issued a “buy” rating and a $31.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, SiriusPoint currently has a consensus rating of “Hold” and an average price target of $31.00.

SiriusPoint Trading Up 0.1%

Shares of SPNT stock opened at $23.88 on Monday. The company has a market cap of $2.81 billion, a P/E ratio of 5.94 and a beta of 0.62. The stock has a 50 day simple moving average of $22.92 and a two-hundred day simple moving average of $21.77. 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 Ltd. has a fifty-two week low of $17.17 and a fifty-two week high of $24.32.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.70 earnings per share (EPS) for the quarter. The firm had revenue of $774.60 million for the quarter. SiriusPoint had a return on equity of 16.92% and a net margin of 15.38%. Research analysts forecast that SiriusPoint Ltd. will post 2.57 earnings per share for the current year.

About SiriusPoint

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.