SiriusPoint Ltd. $SPNT is Private Management Group Inc.’s 3rd Largest Position

Private Management Group Inc. lowered its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,477,478 shares of the company’s stock after selling 44,629 shares during the period. SiriusPoint comprises approximately 2.2% of Private Management Group Inc.’s portfolio, making the stock its 3rd biggest holding. Private Management Group Inc.’s holdings in SiriusPoint were worth $76,122,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of SiriusPoint by 3.1% during 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 in the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of SiriusPoint by 13.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 8,428,966 shares of the company’s stock worth $184,510,000 after buying an additional 1,026,284 shares in the last quarter. Capital Research Global Investors boosted its position in shares of SiriusPoint by 11.2% during the fourth quarter. Capital Research Global Investors now owns 7,447,968 shares of the company’s stock worth $163,036,000 after acquiring an additional 747,968 shares during the last quarter. American Century Companies Inc. boosted its position in shares of SiriusPoint by 17.5% during the third quarter. American Century Companies Inc. now owns 5,745,793 shares of the company’s stock worth $103,941,000 after acquiring an additional 854,315 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of SiriusPoint by 20.6% during the third quarter. Victory Capital Management Inc. now owns 4,312,811 shares of the company’s stock worth $78,019,000 after acquiring an additional 736,823 shares during the last quarter. Hedge funds and other institutional investors own 52.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

SiriusPoint Price Performance

SiriusPoint stock opened at $23.73 on Friday. SiriusPoint Ltd. has a 52-week low of $17.17 and a 52-week high of $24.32. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 5.90 and a beta of 0.61. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average is $22.79 and its 200 day moving average is $21.61.

SiriusPoint (NYSE:SPNT) last announced its earnings results on Tuesday, March 31st. The company reported $0.70 earnings per share for the quarter. SiriusPoint had a net margin of 15.38% and a return on equity of 16.92%. The business had revenue of $774.60 million for the quarter. Sell-side analysts forecast that SiriusPoint Ltd. will post 2.57 EPS 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.