SiriusPoint Ltd. $SPNT Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in SiriusPoint Ltd. (NYSE:SPNT) by 45.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 51,180 shares of the company’s stock after selling 42,042 shares during the quarter. Royce & Associates LP’s holdings in SiriusPoint were worth $1,120,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPNT. CWA Asset Management Group LLC purchased a new stake in SiriusPoint during the fourth quarter valued at about $1,135,000. Horizon Investments LLC purchased a new position in shares of SiriusPoint in the 4th quarter worth about $1,296,000. State of New Jersey Common Pension Fund D purchased a new position in shares of SiriusPoint in the 3rd quarter worth about $2,080,000. Public Sector Pension Investment Board lifted its stake in shares of SiriusPoint by 44.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 453,443 shares of the company’s stock valued at $8,203,000 after purchasing an additional 139,290 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of SiriusPoint by 17.5% in the 3rd quarter. American Century Companies Inc. now owns 5,745,793 shares of the company’s stock valued at $103,941,000 after purchasing an additional 854,315 shares in the last quarter. Institutional investors and hedge funds own 52.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SPNT. B. Riley Financial began coverage on shares of SiriusPoint in a report on Friday, April 17th. They issued a “buy” rating and a $31.00 price target on the stock. Wall Street Zen downgraded shares of SiriusPoint from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Jefferies Financial Group upgraded shares of SiriusPoint to a “hold” rating in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

SiriusPoint Stock Performance

Shares of NYSE:SPNT opened at $21.34 on Monday. The business’s 50-day simple moving average is $22.65 and its 200 day simple moving average is $21.50. The company has a market cap of $2.51 billion, a P/E ratio of 5.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60. SiriusPoint Ltd. has a one year low of $17.17 and a one year high of $24.32.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.70 earnings per share for the quarter. SiriusPoint had a return on equity of 16.92% and a net margin of 15.38%.The firm had revenue of $774.60 million during the quarter. On average, sell-side analysts forecast that SiriusPoint Ltd. will post 2.57 earnings per share for the current fiscal year.

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.