Punch & Associates Investment Management Inc. Has $30.43 Million Stock Holdings in SiriusPoint Ltd. $SPNT

Punch & Associates Investment Management Inc. lifted its position in SiriusPoint Ltd. (NYSE:SPNT) by 47.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,390,091 shares of the company’s stock after acquiring an additional 448,712 shares during the quarter. SiriusPoint accounts for 1.8% of Punch & Associates Investment Management Inc.’s portfolio, making the stock its 8th largest position. Punch & Associates Investment Management Inc. owned about 1.19% of SiriusPoint worth $30,429,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of SiriusPoint by 64.0% in the 4th quarter. Royal Bank of Canada now owns 8,790 shares of the company’s stock worth $192,000 after acquiring an additional 3,430 shares during the last quarter. Squarepoint Ops LLC increased its stake in SiriusPoint by 28.4% in the 4th quarter. Squarepoint Ops LLC now owns 76,163 shares of the company’s stock worth $1,667,000 after buying an additional 16,827 shares during the period. Verition Fund Management LLC increased its stake in SiriusPoint by 28.7% in the 4th quarter. Verition Fund Management LLC now owns 18,540 shares of the company’s stock worth $406,000 after buying an additional 4,131 shares during the period. Mariner LLC increased its stake in SiriusPoint by 46.5% in the 4th quarter. Mariner LLC now owns 34,008 shares of the company’s stock worth $745,000 after buying an additional 10,788 shares during the period. Finally, FJ Capital Management LLC increased its stake in SiriusPoint by 5.3% in the 4th quarter. FJ Capital Management LLC now owns 70,841 shares of the company’s stock worth $1,551,000 after buying an additional 3,571 shares during the period. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Trading Up 0.3%

NYSE SPNT opened at $23.24 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 5.78 and a beta of 0.61. The company’s 50-day simple moving average is $22.87 and its two-hundred day simple moving average is $21.66. SiriusPoint Ltd. has a one year low of $17.17 and a one year high of $24.32.

SiriusPoint (NYSE:SPNT) last posted its earnings results on Tuesday, March 31st. The company reported $0.70 EPS 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%. Equities analysts forecast that SiriusPoint Ltd. will post 2.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on SPNT shares. Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. 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 started coverage on shares of SiriusPoint in a research note on Friday, April 17th. They issued a “buy” rating and a $31.00 price target on the stock. 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 equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.00.

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.