SiriusPoint Ltd. $SPNT Shares Sold by Royce & Associates LP

Royce & Associates LP cut its holdings in SiriusPoint Ltd. (NYSE:SPNT) by 25.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,222 shares of the company’s stock after selling 32,353 shares during the quarter. Royce & Associates LP owned 0.08% of SiriusPoint worth $1,686,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in SiriusPoint by 20.1% in the first quarter. Royal Bank of Canada now owns 17,589 shares of the company’s stock valued at $304,000 after acquiring an additional 2,949 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of SiriusPoint by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,933 shares of the company’s stock valued at $967,000 after purchasing an additional 2,480 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in SiriusPoint by 15.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 228,874 shares of the company’s stock worth $3,957,000 after buying an additional 30,022 shares in the last quarter. Finally, Jane Street Group LLC grew its position in SiriusPoint by 281.2% during the first quarter. Jane Street Group LLC now owns 236,222 shares of the company’s stock worth $4,084,000 after buying an additional 174,246 shares during the period. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Stock Performance

NYSE SPNT opened at $21.13 on Friday. SiriusPoint Ltd. has a fifty-two week low of $14.05 and a fifty-two week high of $22.89. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 5.73 and a beta of 0.66. The business has a fifty day moving average of $20.68 and a 200-day moving average of $19.86. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.16. SiriusPoint had a return on equity of 15.90% and a net margin of 14.34%.The business had revenue of $973.70 million for the quarter, compared to analyst estimates of $773.00 million.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen lowered SiriusPoint from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings upgraded SiriusPoint from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, February 25th. Zacks Research cut SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Raymond James Financial started coverage on SiriusPoint in a research note on Friday, January 16th. They set a “market perform” rating for the company. Finally, Jefferies Financial Group upgraded shares of SiriusPoint to a “hold” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

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.