Brandywine Global Investment Management LLC Has $7.52 Million Holdings in SiriusPoint Ltd. $SPNT

Brandywine Global Investment Management LLC reduced its holdings in SiriusPoint Ltd. (NYSE:SPNT) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 368,731 shares of the company’s stock after selling 14,700 shares during the period. Brandywine Global Investment Management LLC owned 0.32% of SiriusPoint worth $7,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ProShare Advisors LLC raised its holdings in shares of SiriusPoint by 2.7% in the 2nd quarter. ProShare Advisors LLC now owns 22,698 shares of the company’s stock valued at $463,000 after purchasing an additional 592 shares during the period. GAMMA Investing LLC increased its position in SiriusPoint by 14.6% during the second quarter. GAMMA Investing LLC now owns 5,018 shares of the company’s stock worth $102,000 after buying an additional 639 shares during the last quarter. USA Financial Formulas bought a new stake in SiriusPoint in the second quarter valued at approximately $27,000. Natixis Advisors LLC raised its stake in SiriusPoint by 10.9% in the first quarter. Natixis Advisors LLC now owns 14,662 shares of the company’s stock valued at $254,000 after buying an additional 1,444 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of SiriusPoint by 7.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,647 shares of the company’s stock valued at $482,000 after buying an additional 1,568 shares during the last quarter. Institutional investors own 52.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SPNT shares. Wall Street Zen raised SiriusPoint from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SiriusPoint in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, SiriusPoint currently has an average rating of “Buy” and a consensus price target of $25.00.

SiriusPoint Trading Up 3.4%

Shares of SPNT stock opened at $20.42 on Friday. The stock has a market cap of $2.39 billion, a P/E ratio of 12.84 and a beta of 0.81. SiriusPoint Ltd. has a 1 year low of $13.26 and a 1 year high of $21.03. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $18.64 and a 200 day simple moving average of $18.97.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.21. The firm had revenue of $874.40 million during the quarter, compared to analysts’ expectations of $738.35 million. SiriusPoint had a return on equity of 11.31% and a net margin of 6.97%.

SiriusPoint Profile

SiriusPoint Ltd. provides multi-line insurance and reinsurance products and services worldwide. The company operates through two segments, Reinsurance, and Insurance & Services. The Reinsurance segment provides aviation and space, accident and health, casualty, credit, marine and energy, property to insurance and reinsurance companies, government entities, and other risk bearing vehicles.