Public Sector Pension Investment Board Grows Position in SiriusPoint Ltd. $SPNT

Public Sector Pension Investment Board lifted its stake in SiriusPoint Ltd. (NYSE:SPNT) by 44.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 453,443 shares of the company’s stock after purchasing an additional 139,290 shares during the period. Public Sector Pension Investment Board owned 0.39% of SiriusPoint worth $8,203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of SiriusPoint by 29.1% in the second quarter. American Century Companies Inc. now owns 4,891,478 shares of the company’s stock worth $99,737,000 after buying an additional 1,101,899 shares in the last quarter. State Street Corp increased its position in SiriusPoint by 2.5% in the second quarter. State Street Corp now owns 3,656,146 shares of the company’s stock worth $74,549,000 after purchasing an additional 89,472 shares during the last quarter. Geode Capital Management LLC grew its stake in SiriusPoint by 3.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,298,675 shares of the company’s stock worth $46,876,000 after acquiring an additional 86,802 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of SiriusPoint by 223.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,086,688 shares of the company’s stock valued at $36,079,000 after purchasing an additional 1,440,836 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of SiriusPoint by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 743,288 shares of the company’s stock valued at $15,156,000 after buying an additional 39,629 shares during the period. 52.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of SiriusPoint to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b+)” rating on shares of SiriusPoint in a research report on Monday, December 29th. Zacks Research cut shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Wall Street Zen downgraded shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Raymond James Financial began coverage on SiriusPoint in a research report on Friday, January 16th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

SiriusPoint Stock Up 2.4%

SPNT stock opened at $21.01 on Wednesday. SiriusPoint Ltd. has a twelve month low of $13.26 and a twelve month high of $22.89. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $2.45 billion, a P/E ratio of 13.21 and a beta of 0.68. The firm has a 50 day simple moving average of $20.94 and a 200-day simple moving average of $19.65.

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.