Legato Capital Management LLC Takes Position in SiriusPoint Ltd. $SPNT

Legato Capital Management LLC purchased a new stake in SiriusPoint Ltd. (NYSE:SPNT) in the fourth quarter, HoldingsChannel reports. The firm purchased 23,071 shares of the company’s stock, valued at approximately $505,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caitlin John LLC bought a new stake in shares of SiriusPoint in the 3rd quarter valued at about $39,000. Optima Capital LLC bought a new stake in SiriusPoint during the 4th quarter worth approximately $41,000. EverSource Wealth Advisors LLC increased its stake in SiriusPoint by 187.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $43,000 after purchasing an additional 1,377 shares in the last quarter. Leonteq Securities AG bought a new stake in SiriusPoint during the 4th quarter worth approximately $136,000. Finally, Torren Management LLC bought a new stake in SiriusPoint during the 4th quarter worth approximately $143,000. 52.79% of the stock is owned by institutional investors.

SiriusPoint Trading Down 1.1%

NYSE:SPNT opened at $23.07 on Wednesday. SiriusPoint Ltd. has a twelve month low of $17.17 and a twelve month high of $24.32. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $22.57 and a two-hundred day moving average price of $21.45. The company has a market cap of $2.71 billion, a P/E ratio of 5.74 and a beta of 0.66.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.70 earnings per share 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. As a group, analysts expect that SiriusPoint Ltd. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on SPNT shares. Zacks Research cut SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Jefferies Financial Group raised SiriusPoint to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings cut SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Wall Street Zen cut SiriusPoint from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, B. Riley Financial started coverage on SiriusPoint in a research note on Friday, April 17th. They set a “buy” rating and a $31.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, SiriusPoint has an average rating of “Moderate Buy” and a consensus target price of $28.00.

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.