SiriusPoint Ltd. $SPNT Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC cut its stake in SiriusPoint Ltd. (NYSE:SPNT) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 927,413 shares of the company’s stock after selling 74,979 shares during the quarter. Bridgeway Capital Management LLC’s holdings in SiriusPoint were worth $20,301,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. AQR Capital Management LLC raised its stake in shares of SiriusPoint by 74.0% during the 4th quarter. AQR Capital Management LLC now owns 374,776 shares of the company’s stock worth $8,204,000 after buying an additional 159,365 shares during the period. Laurion Capital Management LP acquired a new stake in shares of SiriusPoint in the 4th quarter worth $764,000. Price T Rowe Associates Inc. MD increased its stake in shares of SiriusPoint by 19.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 214,437 shares of the company’s stock worth $4,695,000 after acquiring an additional 35,222 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of SiriusPoint by 5.2% in the 4th quarter. California State Teachers Retirement System now owns 99,650 shares of the company’s stock worth $2,181,000 after acquiring an additional 4,883 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its holdings in shares of SiriusPoint by 47.7% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 1,390,091 shares of the company’s stock worth $30,429,000 after purchasing an additional 448,712 shares during the period. 52.79% of the stock is owned by institutional investors and hedge funds.

SiriusPoint Price Performance

SPNT stock opened at $23.09 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $2.71 billion, a P/E ratio of 5.74 and a beta of 0.61. The business’s 50-day moving average is $22.87 and its two-hundred day moving average is $21.68. SiriusPoint Ltd. has a 1 year low of $17.17 and a 1 year high of $24.32.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.70 earnings per share (EPS) for the quarter. The company had revenue of $774.60 million for the quarter. SiriusPoint had a return on equity of 16.92% and a net margin of 15.38%. Analysts anticipate that SiriusPoint Ltd. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

SiriusPoint Company 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.