SiriusPoint Ltd. $SPNT Stock Sold by State of Wyoming

State of Wyoming cut its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 48.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,014 shares of the company’s stock after selling 20,310 shares during the period. State of Wyoming’s holdings in SiriusPoint were worth $534,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Choreo LLC acquired a new position in shares of SiriusPoint in the third quarter worth $224,000. Robeco Institutional Asset Management B.V. raised its position in SiriusPoint by 49.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 38,521 shares of the company’s stock valued at $934,000 after purchasing an additional 12,808 shares in the last quarter. Contravisory Investment Management Inc. raised its position in SiriusPoint by 25.8% in the 3rd quarter. Contravisory Investment Management Inc. now owns 13,388 shares of the company’s stock valued at $325,000 after purchasing an additional 2,745 shares in the last quarter. Farther Finance Advisors LLC raised its position in SiriusPoint by 73.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,023 shares of the company’s stock valued at $98,000 after purchasing an additional 1,697 shares in the last quarter. Finally, Corient Private Wealth LP boosted its stake in shares of SiriusPoint by 50.8% in the 2nd quarter. Corient Private Wealth LP now owns 16,557 shares of the company’s stock valued at $397,000 after buying an additional 5,581 shares during the period. Institutional investors and hedge funds own 52.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Weiss Ratings raised SiriusPoint from a “buy (a-)” rating to a “buy (a)” rating in a report on Tuesday, October 27th. Royal Bank Of Canada assumed coverage on SiriusPoint in a report on Tuesday, September 22nd. They set an “outperform” rating and a $30.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.50.

SiriusPoint Price Performance

Shares of SPNT opened at $26.04 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.58 and a quick ratio of 0.58. SiriusPoint Ltd. has a 1-year low of $18.17 and a 1-year high of $26.50. The stock has a market cap of $3.02 billion, a PE ratio of 6.35 and a beta of 0.59. The firm has a fifty day moving average price of $24.89 and a 200 day moving average price of $23.03.

SiriusPoint Company Profile

SiriusPoint Ltd. (NYSE: SPNT) is a global specialty insurance and reinsurance company headquartered in Bermuda. The company provides underwriting solutions to businesses, insurers and other organizations through a combination of insurance and reinsurance operations.

Its offerings include property and casualty coverage, specialty insurance, accident and health products, and reinsurance. SiriusPoint serves clients through underwriting platforms and subsidiaries in key insurance markets, including Bermuda, the United States, the United Kingdom and other international jurisdictions.