Jupiter Topco LLC Purchases Shares of 48,922 SiriusPoint Ltd. $SPNT

Jupiter Topco LLC acquired a new position in SiriusPoint Ltd. (NYSE:SPNT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 48,922 shares of the company’s stock, valued at approximately $1,173,000.

Several other hedge funds have also modified their holdings of SPNT. EverSource Wealth Advisors LLC boosted its position in shares of SiriusPoint by 187.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock valued at $43,000 after acquiring an additional 1,377 shares during the last quarter. Leonteq Securities AG purchased a new position in shares of SiriusPoint in the fourth quarter valued at $136,000. Inspire Investing LLC bought a new stake in SiriusPoint in the fourth quarter worth $185,000. Vise Technologies Inc. bought a new stake in SiriusPoint in the second quarter worth $205,000. Finally, Globeflex Capital L P purchased a new stake in SiriusPoint during the second quarter valued at $206,000. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Stock Performance

SPNT stock opened at $24.52 on Friday. SiriusPoint Ltd. has a twelve month low of $17.17 and a twelve month high of $26.48. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 5.98 and a beta of 0.61. The business’s fifty day simple moving average is $24.19 and its two-hundred day simple moving average is $22.90. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.30.

SiriusPoint (NYSE:SPNT) last issued its earnings results on Thursday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $744.10 million during the quarter, compared to analyst estimates of $798.95 million. SiriusPoint had a net margin of 15.56% and a return on equity of 15.65%. Analysts predict that SiriusPoint Ltd. will post 2.57 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on SPNT shares. Wall Street Zen cut shares of SiriusPoint from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “buy (b+)” rating on shares of SiriusPoint in a research note on Friday, August 7th. Finally, Zacks Research downgraded SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.00.

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.