Victory Capital Management Inc. Buys 736,823 Shares of SiriusPoint Ltd. $SPNT

Victory Capital Management Inc. grew its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 20.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,312,811 shares of the company’s stock after acquiring an additional 736,823 shares during the quarter. Victory Capital Management Inc.’s holdings in SiriusPoint were worth $78,019,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SPNT. Goldman Sachs Group Inc. increased its position 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 acquiring an additional 1,440,836 shares during the period. American Century Companies Inc. boosted its holdings in 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 acquiring an additional 1,101,899 shares in the last quarter. Assenagon Asset Management S.A. grew its position in SiriusPoint by 896.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 650,555 shares of the company’s stock valued at $11,769,000 after purchasing an additional 585,243 shares during the last quarter. Vanguard Group Inc. boosted its stake in SiriusPoint by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 11,757,727 shares of the company’s stock valued at $212,697,000 after purchasing an additional 522,532 shares during the last quarter. Finally, LSV Asset Management bought a new stake in SiriusPoint in the 3rd quarter worth about $8,337,000. 52.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPNT has been the topic of several recent research reports. Wall Street Zen downgraded shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Jefferies Financial Group raised SiriusPoint to a “hold” rating in a research report on Wednesday, February 4th. Raymond James Financial assumed coverage on SiriusPoint in a research note on Friday, January 16th. They issued a “market perform” rating on the stock. Weiss Ratings upgraded SiriusPoint from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, February 25th. Finally, Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.00.

SiriusPoint Stock Performance

NYSE:SPNT opened at $21.13 on Friday. The company has a market cap of $2.47 billion, a P/E ratio of 5.73 and a beta of 0.66. The company’s 50-day moving average price is $20.68 and its 200-day moving average price is $19.86. SiriusPoint Ltd. has a twelve month low of $14.05 and a twelve month high of $22.89. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30.

SiriusPoint (NYSE:SPNT) last posted its quarterly 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. The business had revenue of $973.70 million during the quarter, compared to analysts’ expectations of $773.00 million. SiriusPoint had a net margin of 14.34% and a return on equity of 15.90%.

SiriusPoint Company 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.