SiriusPoint Ltd. $SPNT Shares Purchased by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. increased its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,415,529 shares of the company’s stock after buying an additional 25,438 shares during the period. SiriusPoint comprises 1.8% of Punch & Associates Investment Management Inc.’s portfolio, making the stock its 9th largest holding. Punch & Associates Investment Management Inc.’s holdings in SiriusPoint were worth $30,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPNT. Vanguard Group Inc. increased its holdings in SiriusPoint by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 12,126,635 shares of the company’s stock valued at $265,452,000 after buying an additional 368,908 shares in the last quarter. Donald Smith & CO. Inc. lifted its position in shares of SiriusPoint by 13.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 8,428,966 shares of the company’s stock valued at $184,510,000 after acquiring an additional 1,026,284 shares during the period. Capital Research Global Investors boosted its stake in shares of SiriusPoint by 11.2% during the 4th 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 in the last quarter. State Street Corp boosted its stake in shares of SiriusPoint by 12.1% during the 4th quarter. State Street Corp now owns 4,325,405 shares of the company’s stock worth $94,683,000 after acquiring an additional 468,060 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of SiriusPoint by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,447,810 shares of the company’s stock worth $53,592,000 after acquiring an additional 13,305 shares during the period. 52.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings downgraded SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Wall Street Zen downgraded SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. B. Riley Financial initiated coverage on SiriusPoint in a report on Friday, April 17th. They issued a “buy” rating and a $31.00 target price on the stock. Finally, Zacks Research cut SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.00.

SiriusPoint Stock Up 2.4%

Shares of NYSE SPNT opened at $25.34 on Friday. The firm’s 50-day moving average is $23.45 and its two-hundred day moving average is $22.11. The company has a market capitalization of $2.98 billion, a PE ratio of 6.30 and a beta of 0.60. SiriusPoint Ltd. has a 12-month low of $17.17 and a 12-month high of $25.42. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.60 and a quick ratio of 0.60.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data 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 during the quarter. Equities analysts anticipate that SiriusPoint Ltd. will post 2.57 EPS for the current fiscal year.

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.