SiriusPoint Ltd. $SPNT Holdings Lowered by Intech Investment Management LLC

Intech Investment Management LLC decreased its stake in SiriusPoint Ltd. (NYSE:SPNT) by 70.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,281 shares of the company’s stock after selling 140,584 shares during the quarter. Intech Investment Management LLC owned 0.05% of SiriusPoint worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in SiriusPoint by 187.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock valued at $43,000 after buying an additional 1,377 shares in the last quarter. CWM LLC raised its holdings in shares of SiriusPoint by 231.8% during the third quarter. CWM LLC now owns 9,822 shares of the company’s stock valued at $178,000 after acquiring an additional 6,862 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of SiriusPoint by 8.4% during the second quarter. Ameritas Investment Partners Inc. now owns 10,469 shares of the company’s stock valued at $213,000 after acquiring an additional 807 shares during the period. Russell Investments Group Ltd. lifted its position in shares of SiriusPoint by 867.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,710 shares of the company’s stock valued at $218,000 after acquiring an additional 9,603 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in SiriusPoint by 161.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,375 shares of the company’s stock worth $232,000 after purchasing an additional 7,027 shares during the period. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

SPNT opened at $20.93 on Friday. The stock has a fifty day moving average price of $20.65 and a 200 day moving average price of $19.89. 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 Ltd. has a 1 year low of $14.05 and a 1 year high of $22.89. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 5.67 and a beta of 0.66.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on SPNT. Zacks Research cut shares of 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 report on Friday, January 16th. They issued a “market perform” rating for the company. Weiss Ratings raised SiriusPoint from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, February 25th. Jefferies Financial Group upgraded SiriusPoint to a “hold” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen lowered SiriusPoint from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. 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, SiriusPoint presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

About SiriusPoint

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.