Voya Investment Management LLC Acquires 26,212 Shares of SiriusPoint Ltd. $SPNT

Voya Investment Management LLC raised its stake in SiriusPoint Ltd. (NYSE:SPNT) by 93.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 54,386 shares of the company’s stock after purchasing an additional 26,212 shares during the quarter. Voya Investment Management LLC’s holdings in SiriusPoint were worth $984,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPNT. ProShare Advisors LLC boosted its position in SiriusPoint by 2.7% during the 2nd quarter. ProShare Advisors LLC now owns 22,698 shares of the company’s stock valued at $463,000 after acquiring an additional 592 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of SiriusPoint by 14.6% in the second quarter. GAMMA Investing LLC now owns 5,018 shares of the company’s stock worth $102,000 after buying an additional 639 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of SiriusPoint by 8.4% during the second quarter. Ameritas Investment Partners Inc. now owns 10,469 shares of the company’s stock valued at $213,000 after buying an additional 807 shares during the last quarter. USA Financial Formulas bought a new stake in shares of SiriusPoint in the 2nd quarter worth $27,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of SiriusPoint by 187.1% in the second 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 during the last quarter. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Stock Performance

NYSE SPNT opened at $22.06 on Wednesday. The business’s 50 day moving average price is $20.62 and its 200-day moving average price is $19.41. SiriusPoint Ltd. has a fifty-two week low of $13.26 and a fifty-two week high of $22.89. The company has a market cap of $2.58 billion, a P/E ratio of 13.87 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.57 and a current ratio of 0.57.

SiriusPoint (NYSE:SPNT) last issued its earnings results on Thursday, October 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. SiriusPoint had a net margin of 6.97% and a return on equity of 11.31%. The firm had revenue of $755.90 million during the quarter, compared to analyst estimates of $738.35 million.

Analyst Upgrades and Downgrades

SPNT has been the topic of a number of recent research reports. Zacks Research raised SiriusPoint from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Weiss Ratings reiterated a “buy (b+)” rating on shares of SiriusPoint in a research report on Monday. Finally, Wall Street Zen upgraded shares of SiriusPoint from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $25.00.

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.