LSV Asset Management Cuts Stake in SiriusPoint Ltd. $SPNT

LSV Asset Management trimmed its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 44.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 257,969 shares of the company’s stock after selling 202,900 shares during the quarter. LSV Asset Management’s holdings in SiriusPoint were worth $5,647,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Leonteq Securities AG purchased a new stake in SiriusPoint during the 4th quarter valued at about $136,000. ProShare Advisors LLC grew its position in SiriusPoint by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 19,954 shares of the company’s stock valued at $437,000 after purchasing an additional 612 shares during the last quarter. Swiss Life Asset Management Ltd purchased a new stake in SiriusPoint during the 4th quarter valued at about $269,000. Sequoia Financial Advisors LLC grew its position in SiriusPoint by 5.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 16,994 shares of the company’s stock valued at $372,000 after purchasing an additional 873 shares during the last quarter. Finally, Horizon Investments LLC purchased a new stake in SiriusPoint during the 4th quarter valued at about $1,296,000. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Stock Performance

Shares of NYSE SPNT opened at $23.07 on Wednesday. The firm’s 50-day moving average price is $22.57 and its 200-day moving average price is $21.45. 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 company has a market cap of $2.71 billion, a PE ratio of 5.74 and a beta of 0.66. SiriusPoint Ltd. has a 52-week low of $17.17 and a 52-week high of $24.32.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.70 earnings per share (EPS) for the quarter. The firm had revenue of $774.60 million for the quarter. SiriusPoint had a net margin of 15.38% and a return on equity of 16.92%. As a group, analysts anticipate that SiriusPoint Ltd. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings downgraded shares of SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of SiriusPoint from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Jefferies Financial Group raised shares of SiriusPoint to a “hold” rating in a report on Wednesday, February 4th. Finally, B. Riley Financial initiated coverage on shares of SiriusPoint in a report on Friday, April 17th. They set a “buy” rating and a $31.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $28.00.

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.