Empowered Funds LLC Takes Position in SiriusPoint Ltd. $SPNT

Empowered Funds LLC purchased a new stake in SiriusPoint Ltd. (NYSE:SPNT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 565,259 shares of the company’s stock, valued at approximately $13,566,000. Empowered Funds LLC owned approximately 0.49% of SiriusPoint at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SPNT. EverSource Wealth Advisors LLC raised its position in shares of SiriusPoint by 187.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $43,000 after acquiring an additional 1,377 shares in the last quarter. Caitlin John LLC purchased a new position in SiriusPoint in the second quarter valued at approximately $52,000. Leonteq Securities AG purchased a new position in SiriusPoint in the fourth quarter valued at approximately $136,000. Inspire Investing LLC acquired a new stake in SiriusPoint during the fourth quarter worth approximately $185,000. Finally, Vise Technologies Inc. acquired a new stake in SiriusPoint during the second quarter worth approximately $205,000. 52.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. 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 restated a “buy (b+)” rating on shares of SiriusPoint in a research note on Friday, August 7th. Finally, Zacks Research lowered SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.00.

SiriusPoint Price Performance

Shares of SPNT stock opened at $24.22 on Friday. SiriusPoint Ltd. has a 1-year low of $17.17 and a 1-year high of $26.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $2.81 billion, a P/E ratio of 5.91 and a beta of 0.61. The firm has a fifty day moving average of $24.08 and a two-hundred day moving average of $22.75.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. SiriusPoint had a return on equity of 15.65% and a net margin of 15.56%.The firm had revenue of $744.10 million during the quarter, compared to the consensus estimate of $798.95 million. As a group, research analysts anticipate that SiriusPoint Ltd. will post 2.57 earnings per share for the current fiscal year.

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.