Wellington Management Group LLP Has $80.22 Million Holdings in SiriusPoint Ltd. $SPNT

Wellington Management Group LLP boosted its stake in SiriusPoint Ltd. (NYSE:SPNT) by 7.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,342,706 shares of the company’s stock after purchasing an additional 241,648 shares during the period. Wellington Management Group LLP owned about 2.88% of SiriusPoint worth $80,225,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. ProShare Advisors LLC grew its position in shares of SiriusPoint by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 19,954 shares of the company’s stock valued at $437,000 after buying an additional 612 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of SiriusPoint by 50.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,448 shares of the company’s stock worth $54,000 after acquiring an additional 823 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in SiriusPoint by 5.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,994 shares of the company’s stock valued at $372,000 after acquiring an additional 873 shares during the last quarter. Natixis Advisors LLC boosted its holdings in SiriusPoint by 7.2% in the fourth quarter. Natixis Advisors LLC now owns 13,592 shares of the company’s stock valued at $298,000 after acquiring an additional 916 shares during the last quarter. Finally, Boothbay Fund Management LLC increased its position in SiriusPoint by 0.9% during the 3rd quarter. Boothbay Fund Management LLC now owns 116,800 shares of the company’s stock valued at $2,113,000 after purchasing an additional 1,007 shares during the period. 52.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SPNT has been the subject of several analyst reports. Weiss Ratings restated a “buy (b+)” rating on shares of SiriusPoint in a report on Friday, August 7th. Wall Street Zen cut shares of SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research lowered shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $31.00.

SiriusPoint Price Performance

Shares of NYSE SPNT opened at $24.34 on Thursday. The firm has a market capitalization of $2.83 billion, a P/E ratio of 5.94 and a beta of 0.61. The firm’s 50-day moving average price is $24.14 and its 200-day moving average price is $22.85. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. SiriusPoint Ltd. has a 1-year low of $17.17 and a 1-year high of $26.48.

SiriusPoint (NYSE:SPNT) last issued its earnings results on Thursday, July 30th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $744.10 million during the quarter, compared to analyst estimates of $798.95 million. SiriusPoint had a return on equity of 15.65% and a net margin of 15.56%. Equities 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.