Louisiana State Employees Retirement System Purchases Shares of 46,100 SiriusPoint Ltd. $SPNT

Louisiana State Employees Retirement System acquired a new position in shares of SiriusPoint Ltd. (NYSE:SPNT) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,100 shares of the company’s stock, valued at approximately $993,000.

Several other institutional investors have also recently bought and sold shares of the company. Horizon Investments LLC acquired a new stake in shares of SiriusPoint in the fourth quarter valued at approximately $1,296,000. CWA Asset Management Group LLC acquired a new stake in SiriusPoint in the 4th quarter valued at $1,135,000. Vanguard Group Inc. lifted its position in SiriusPoint by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 12,126,635 shares of the company’s stock worth $265,452,000 after buying an additional 368,908 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of SiriusPoint by 35.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 221,447 shares of the company’s stock worth $4,847,000 after buying an additional 57,798 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of SiriusPoint by 17.5% in the 3rd quarter. Capital Research Global Investors now owns 6,700,000 shares of the company’s stock valued at $121,203,000 after acquiring an additional 1,000,000 shares in the last quarter. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Stock Down 0.2%

Shares of SPNT opened at $24.59 on Friday. The firm has a market cap of $2.89 billion, a P/E ratio of 6.12 and a beta of 0.60. 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 52 week low of $17.17 and a 52 week high of $24.63. The firm’s 50-day simple moving average is $23.02 and its 200 day simple moving average is $21.85.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.70 earnings per share (EPS) 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, analysts forecast that SiriusPoint Ltd. will post 2.57 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.