Capital Research Global Investors Increases Position in SiriusPoint Ltd. $SPNT

Capital Research Global Investors raised its position in SiriusPoint Ltd. (NYSE:SPNT) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,447,968 shares of the company’s stock after purchasing an additional 747,968 shares during the quarter. Capital Research Global Investors owned 6.38% of SiriusPoint worth $163,036,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Optima Capital LLC purchased a new stake in SiriusPoint in the fourth quarter valued at approximately $41,000. EverSource Wealth Advisors LLC raised its position in 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 during the period. Caitlin John LLC purchased a new stake in SiriusPoint in the third quarter valued at approximately $39,000. Leonteq Securities AG purchased a new stake in SiriusPoint in the fourth quarter valued at approximately $136,000. Finally, Torren Management LLC purchased a new stake in SiriusPoint in the fourth quarter valued at approximately $143,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.

Wall Street Analyst Weigh In

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

SiriusPoint Stock Performance

NYSE:SPNT opened at $21.88 on Tuesday. The company has a fifty day simple moving average of $22.68 and a two-hundred day simple moving average of $21.54. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 5.44 and a beta of 0.62. 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.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.70 EPS for the quarter. The business had revenue of $774.60 million during the quarter. SiriusPoint had a net margin of 15.38% and a return on equity of 16.92%. As a group, equities analysts anticipate that SiriusPoint Ltd. will post 2.57 earnings per share for the current fiscal 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.