SiriusPoint Ltd. $SPNT Stock Holdings Raised by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. grew its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,428,966 shares of the company’s stock after buying an additional 1,026,284 shares during the quarter. SiriusPoint accounts for 3.5% of Donald Smith & CO. Inc.’s portfolio, making the stock its 8th largest position. Donald Smith & CO. Inc. owned about 0.07% of SiriusPoint worth $184,510,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. CWA Asset Management Group LLC bought a new position in SiriusPoint during the 4th quarter valued at about $1,135,000. Horizon Investments LLC bought a new position in SiriusPoint during the 4th quarter valued at about $1,296,000. State of New Jersey Common Pension Fund D bought a new position in SiriusPoint during the 3rd quarter valued at about $2,080,000. Public Sector Pension Investment Board lifted its stake in SiriusPoint by 44.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 453,443 shares of the company’s stock valued at $8,203,000 after acquiring an additional 139,290 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in SiriusPoint by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 12,126,635 shares of the company’s stock worth $265,452,000 after purchasing an additional 368,908 shares during the last quarter. Hedge funds and other institutional investors own 52.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on SPNT shares. B. Riley Financial started coverage on shares of SiriusPoint in a research report on Friday, April 17th. They issued a “buy” rating and a $31.00 target price for the company. Wall Street Zen downgraded shares of SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Finally, Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

SiriusPoint Trading Up 4.8%

NYSE:SPNT opened at $23.25 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.30. SiriusPoint Ltd. has a 12 month low of $17.17 and a 12 month high of $24.32. The company has a market cap of $2.73 billion, a PE ratio of 5.78 and a beta of 0.61. The company has a 50 day simple moving average of $22.75 and a two-hundred day simple moving average of $21.58.

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 during the quarter. SiriusPoint had a net margin of 15.38% and a return on equity of 16.92%. Research analysts forecast that SiriusPoint Ltd. will post 2.57 earnings per share for the current year.

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.