SiriusPoint Ltd. $SPNT Shares Purchased by Capital Research Global Investors

Capital Research Global Investors increased its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 11.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,447,968 shares of the company’s stock after acquiring an additional 747,968 shares during the quarter. Capital Research Global Investors owned about 0.06% of SiriusPoint worth $163,036,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State of Wyoming grew its stake in shares of SiriusPoint by 17.4% during the fourth quarter. State of Wyoming now owns 39,477 shares of the company’s stock worth $864,000 after purchasing an additional 5,860 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of SiriusPoint by 8.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,815,512 shares of the company’s stock worth $39,742,000 after purchasing an additional 137,564 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of SiriusPoint by 7.2% during the fourth quarter. Natixis Advisors LLC now owns 13,592 shares of the company’s stock worth $298,000 after purchasing an additional 916 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of SiriusPoint during the fourth quarter worth $278,000. Finally, Geode Capital Management LLC grew its stake in shares of SiriusPoint by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,447,810 shares of the company’s stock worth $53,592,000 after purchasing an additional 13,305 shares in the last quarter. Institutional investors and hedge funds own 52.79% of the company’s stock.

SiriusPoint Stock Performance

NYSE SPNT opened at $21.88 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.60 and a quick ratio of 0.60. SiriusPoint Ltd. has a 1 year low of $17.17 and a 1 year high of $24.32. The company has a market capitalization of $2.57 billion, a PE ratio of 5.44 and a beta of 0.62. The company has a fifty day moving average of $22.68 and a two-hundred day moving average of $21.54.

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

Analyst Ratings Changes

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

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.