Donald Smith & CO. Inc. Has $184.51 Million Position in SiriusPoint Ltd. $SPNT

Donald Smith & CO. Inc. increased its stake in SiriusPoint Ltd. (NYSE:SPNT) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,428,966 shares of the company’s stock after buying an additional 1,026,284 shares during the period. SiriusPoint accounts for 3.5% of Donald Smith & CO. Inc.’s portfolio, making the stock its 8th largest position. Donald Smith & CO. Inc. owned approximately 7.22% of SiriusPoint worth $184,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. ProShare Advisors LLC raised its stake in SiriusPoint by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 19,954 shares of the company’s stock worth $437,000 after buying an additional 612 shares in the last quarter. State of Alaska Department of Revenue raised its stake in SiriusPoint by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 58,362 shares of the company’s stock worth $1,276,000 after buying an additional 649 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in SiriusPoint by 50.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,448 shares of the company’s stock worth $54,000 after buying an additional 823 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in SiriusPoint by 5.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,994 shares of the company’s stock worth $372,000 after buying an additional 873 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in SiriusPoint by 7.2% in the fourth quarter. Natixis Advisors LLC now owns 13,592 shares of the company’s stock worth $298,000 after buying an additional 916 shares in the last quarter. 52.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of SiriusPoint from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. B. Riley Financial assumed coverage on shares of SiriusPoint in a research note on Friday, April 17th. They issued a “buy” rating and a $31.00 price target for the company. Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Weiss Ratings downgraded shares of SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

SiriusPoint Price Performance

Shares of SPNT opened at $23.25 on Thursday. The stock has a market cap of $2.73 billion, a PE ratio of 5.78 and a beta of 0.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60. SiriusPoint Ltd. has a fifty-two week low of $17.17 and a fifty-two week high of $24.32. The firm’s 50-day simple moving average is $22.75 and its two-hundred day simple moving average is $21.58.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.70 earnings per share for the quarter. The business had revenue of $774.60 million for the quarter. SiriusPoint had a net margin of 15.38% and a return on equity of 16.92%. Analysts anticipate that SiriusPoint Ltd. will post 2.57 earnings per share for the current fiscal year.

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.