Punch & Associates Investment Management Inc. Takes Position in SiriusPoint Ltd. $SPNT

Punch & Associates Investment Management Inc. acquired a new position in SiriusPoint Ltd. (NYSE:SPNT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,501,976 shares of the company’s stock, valued at approximately $36,047,000. SiriusPoint makes up 1.8% of Punch & Associates Investment Management Inc.’s investment portfolio, making the stock its 12th largest position.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in SiriusPoint during the second quarter valued at about $271,853,000. Donald Smith & CO. Inc. bought a new position in shares of SiriusPoint during the 2nd quarter valued at approximately $147,941,000. Goldman Sachs Group Inc. increased its holdings in SiriusPoint by 223.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,086,688 shares of the company’s stock worth $36,079,000 after acquiring an additional 1,440,836 shares in the last quarter. Capital Research Global Investors raised 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 worth $163,036,000 after acquiring an additional 747,968 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in SiriusPoint during the second quarter valued at approximately $16,774,000. 52.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen cut shares of SiriusPoint from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “buy (b+)” rating on shares of SiriusPoint in a research note on Friday, August 7th. Finally, Zacks Research lowered SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $31.00.

SiriusPoint Trading Down 0.2%

Shares of SPNT opened at $23.91 on Thursday. The firm has a market cap of $2.78 billion, a P/E ratio of 5.83 and a beta of 0.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.58 and a quick ratio of 0.58. SiriusPoint Ltd. has a 1 year low of $17.17 and a 1 year high of $26.48. The company has a 50 day simple moving average of $24.03 and a two-hundred day simple moving average of $22.71.

SiriusPoint (NYSE:SPNT) last released its earnings results on Thursday, July 30th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. SiriusPoint had a net margin of 15.56% and a return on equity of 15.65%. The firm had revenue of $744.10 million for the quarter, compared to the consensus estimate of $798.95 million. On average, equities analysts expect that SiriusPoint Ltd. will post 2.57 earnings per share 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.