Vanguard Group Inc. Has $265.45 Million Stake in SiriusPoint Ltd. $SPNT

Vanguard Group Inc. grew its position in SiriusPoint Ltd. (NYSE:SPNT) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,126,635 shares of the company’s stock after buying an additional 368,908 shares during the quarter. Vanguard Group Inc. owned 0.10% of SiriusPoint worth $265,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitlin John LLC acquired a new position in shares of SiriusPoint in the 3rd quarter valued at approximately $39,000. Optima Capital LLC acquired a new position in shares of SiriusPoint in the 4th quarter valued at approximately $41,000. EverSource Wealth Advisors LLC raised its position in shares of SiriusPoint by 187.1% in the 2nd 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. GAMMA Investing LLC raised its position in shares of SiriusPoint by 46.5% in the 4th quarter. GAMMA Investing LLC now owns 7,413 shares of the company’s stock valued at $162,000 after buying an additional 2,352 shares in the last quarter. Finally, CWM LLC raised its position in shares of SiriusPoint by 231.8% in the 3rd quarter. CWM LLC now owns 9,822 shares of the company’s stock valued at $178,000 after buying an additional 6,862 shares in the last quarter. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Price Performance

SPNT stock opened at $23.49 on Friday. The company has a 50 day simple moving average of $21.97 and a 200 day simple moving average of $21.01. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 5.84 and a beta of 0.66. SiriusPoint Ltd. has a 1 year low of $17.17 and a 1 year high of $23.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. SiriusPoint had a net margin of 15.38% and a return on equity of 17.42%. The business had revenue of $774.60 million during the quarter, compared to analysts’ expectations of $857.58 million. Research analysts anticipate that SiriusPoint Ltd. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SPNT has been the subject of several analyst reports. Zacks Research upgraded shares of SiriusPoint from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Jefferies Financial Group upgraded shares of SiriusPoint to a “hold” rating in a research report on Wednesday, February 4th. B. Riley Financial began coverage on shares of SiriusPoint in a research report on Friday, April 17th. They set a “buy” rating and a $31.00 price objective for the company. Raymond James Financial began coverage on shares of SiriusPoint in a research report on Friday, January 16th. They set a “market perform” rating for the company. Finally, Wall Street Zen cut shares of SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $28.00.

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.