Teachers Retirement System of The State of Kentucky Increases Position in SiriusPoint Ltd. $SPNT

Teachers Retirement System of The State of Kentucky raised its holdings in SiriusPoint Ltd. (NYSE:SPNT) by 63.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,311 shares of the company’s stock after purchasing an additional 25,845 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in SiriusPoint were worth $1,200,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Goldman Sachs Group Inc. grew its stake in SiriusPoint by 223.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,086,688 shares of the company’s stock valued at $36,079,000 after acquiring an additional 1,440,836 shares during the period. American Century Companies Inc. grew its position 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 valued at $99,737,000 after purchasing an additional 1,101,899 shares during the period. Victory Capital Management Inc. grew its stake in SiriusPoint by 20.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,312,811 shares of the company’s stock valued at $78,019,000 after acquiring an additional 736,823 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in SiriusPoint by 896.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 650,555 shares of the company’s stock worth $11,769,000 after purchasing an additional 585,243 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of SiriusPoint by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 11,757,727 shares of the company’s stock worth $212,697,000 after purchasing an additional 522,532 shares during the last quarter. 52.79% of the stock is owned by institutional investors and hedge funds.

SiriusPoint Price Performance

Shares of SPNT opened at $21.13 on Friday. The firm has a 50-day simple moving average of $20.68 and a two-hundred day simple moving average of $19.86. The stock has a market cap of $2.47 billion, a PE ratio of 5.73 and a beta of 0.66. SiriusPoint Ltd. has a 1-year low of $14.05 and a 1-year high of $22.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59.

SiriusPoint (NYSE:SPNT) last posted its earnings results on Wednesday, February 18th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.16. SiriusPoint had a net margin of 14.34% and a return on equity of 15.90%. The firm had revenue of $973.70 million during the quarter, compared to the consensus estimate of $773.00 million.

Analysts Set New Price Targets

SPNT has been the topic of a number of recent research reports. Wall Street Zen lowered SiriusPoint from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Raymond James Financial initiated coverage on shares of SiriusPoint in a report on Friday, January 16th. They issued a “market perform” rating for the company. Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings upgraded shares of SiriusPoint from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, February 25th. Finally, Jefferies Financial Group upgraded shares of SiriusPoint to a “hold” rating in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.