SiriusPoint Ltd. $SPNT Stock Holdings Boosted by Bessemer Group Inc.

Bessemer Group Inc. raised its position in SiriusPoint Ltd. (NYSE:SPNT) by 50.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,246 shares of the company’s stock after purchasing an additional 84,589 shares during the quarter. Bessemer Group Inc.’s holdings in SiriusPoint were worth $5,433,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of 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. Donald Smith & CO. Inc. boosted its stake in SiriusPoint by 13.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 8,428,966 shares of the company’s stock valued at $184,510,000 after purchasing an additional 1,026,284 shares in the last quarter. Capital Research Global Investors boosted its stake in SiriusPoint by 11.2% during the 4th quarter. Capital Research Global Investors now owns 7,447,968 shares of the company’s stock valued at $163,036,000 after purchasing an additional 747,968 shares in the last quarter. State Street Corp increased its position in shares of SiriusPoint by 12.1% during the 4th quarter. State Street Corp now owns 4,325,405 shares of the company’s stock valued at $94,683,000 after purchasing an additional 468,060 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of SiriusPoint by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,447,810 shares of the company’s stock valued at $53,592,000 after purchasing an additional 13,305 shares during the period. 52.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SPNT shares. Weiss Ratings lowered SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Zacks Research lowered SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. B. Riley Financial initiated 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. Finally, Wall Street Zen downgraded shares of SiriusPoint from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, SiriusPoint currently has a consensus rating of “Hold” and an average target price of $31.00.

SiriusPoint Trading Down 0.9%

Shares of NYSE:SPNT opened at $24.67 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 6.14 and a beta of 0.60. SiriusPoint Ltd. has a 1-year low of $17.17 and a 1-year high of $25.40. The company has a 50 day moving average price of $23.28 and a 200 day moving average price of $22.03.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.70 earnings per share (EPS) for the quarter. The company 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%. On average, research analysts anticipate that SiriusPoint Ltd. will post 2.57 EPS for the current fiscal year.

SiriusPoint 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.