Public Sector Pension Investment Board Has $8.20 Million Stake in SiriusPoint Ltd. $SPNT

Public Sector Pension Investment Board lifted its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 44.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 453,443 shares of the company’s stock after buying an additional 139,290 shares during the quarter. Public Sector Pension Investment Board’s holdings in SiriusPoint were worth $8,203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of SiriusPoint by 187.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock valued at $43,000 after purchasing an additional 1,377 shares in the last quarter. CWM LLC grew its position in shares of SiriusPoint by 231.8% during the 3rd quarter. CWM LLC now owns 9,822 shares of the company’s stock worth $178,000 after purchasing an additional 6,862 shares in the last quarter. Ameritas Investment Partners Inc. increased 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 worth $213,000 after buying an additional 807 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of SiriusPoint by 867.5% during the second quarter. Russell Investments Group Ltd. now owns 10,710 shares of the company’s stock valued at $218,000 after purchasing an additional 9,603 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in SiriusPoint by 161.6% during 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 last quarter. 52.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of SiriusPoint to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b+)” rating on shares of SiriusPoint in a research note on Monday, December 29th. Wall Street Zen lowered SiriusPoint from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Zacks Research lowered shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Raymond James Financial started coverage on SiriusPoint in a research note on Friday, January 16th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, SiriusPoint presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

SiriusPoint Stock Up 2.4%

SiriusPoint stock opened at $21.01 on Wednesday. The business has a fifty day moving average price of $20.94 and a 200-day moving average price of $19.65. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 13.21 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.57 and a quick ratio of 0.57. SiriusPoint Ltd. has a 1-year low of $13.26 and a 1-year high of $22.89.

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.