Capital Research Global Investors Purchases 1,000,000 Shares of SiriusPoint Ltd. $SPNT

Capital Research Global Investors increased its position in SiriusPoint Ltd. (NYSE:SPNT) by 17.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,700,000 shares of the company’s stock after purchasing an additional 1,000,000 shares during the quarter. Capital Research Global Investors owned approximately 5.74% of SiriusPoint worth $121,203,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of SiriusPoint by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,757,727 shares of the company’s stock valued at $212,697,000 after purchasing an additional 522,532 shares during the last quarter. American Century Companies Inc. raised its stake 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 buying an additional 854,315 shares during the last quarter. Victory Capital Management Inc. raised its stake 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 buying an additional 736,823 shares during the last quarter. State Street Corp lifted its holdings in SiriusPoint by 2.5% in the second quarter. State Street Corp now owns 3,656,146 shares of the company’s stock valued at $74,549,000 after buying an additional 89,472 shares during the period. Finally, Geode Capital Management LLC boosted its stake in SiriusPoint by 3.9% in the second quarter. Geode Capital Management LLC now owns 2,298,675 shares of the company’s stock valued at $46,876,000 after acquiring an additional 86,802 shares during the last quarter. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Stock Down 1.1%

Shares of NYSE:SPNT opened at $20.39 on Thursday. The company has a 50 day moving average price of $20.56 and a two-hundred day moving average price of $19.93. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $2.38 billion, a PE ratio of 5.52 and a beta of 0.66. SiriusPoint Ltd. has a 52 week low of $14.34 and a 52 week high of $22.89.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.16. SiriusPoint had a net margin of 14.34% and a return on equity of 15.90%. The company had revenue of $973.70 million for the quarter, compared to analysts’ expectations of $773.00 million.

Wall Street Analyst Weigh In

A number of research firms have commented on SPNT. Zacks Research lowered shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Wall Street Zen lowered SiriusPoint from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings upgraded SiriusPoint from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, February 25th. Jefferies Financial Group raised SiriusPoint to a “hold” rating in a research note on Wednesday, February 4th. Finally, Raymond James Financial started coverage on SiriusPoint in a report on Friday, January 16th. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, SiriusPoint has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

About SiriusPoint

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.