SiriusPoint Ltd. $SPNT Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC boosted its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 93.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 54,386 shares of the company’s stock after buying an additional 26,212 shares during the quarter. Voya Investment Management LLC’s holdings in SiriusPoint were worth $984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of SiriusPoint by 223.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,086,688 shares of the company’s stock valued at $36,079,000 after purchasing an additional 1,440,836 shares during the period. American Century Companies Inc. raised its holdings in shares of SiriusPoint by 29.1% during the second quarter. American Century Companies Inc. now owns 4,891,478 shares of the company’s stock worth $99,737,000 after purchasing an additional 1,101,899 shares during the last quarter. Punch & Associates Investment Management Inc. purchased a new stake in SiriusPoint in the first quarter valued at $12,520,000. Assenagon Asset Management S.A. grew its position in SiriusPoint by 896.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 650,555 shares of the company’s stock worth $11,769,000 after purchasing an additional 585,243 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in shares of SiriusPoint in the 1st quarter valued at about $7,132,000. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Stock Performance

NYSE:SPNT opened at $22.06 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $2.58 billion, a P/E ratio of 13.87 and a beta of 0.68. The company has a 50 day moving average price of $20.62 and a 200 day moving average price of $19.41. SiriusPoint Ltd. has a fifty-two week low of $13.26 and a fifty-two week high of $22.89.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. SiriusPoint had a net margin of 6.97% and a return on equity of 11.31%. The firm had revenue of $755.90 million during the quarter, compared to analysts’ expectations of $738.35 million.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of SiriusPoint from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “buy (b+)” rating on shares of SiriusPoint in a report on Monday. Finally, Zacks Research raised shares of SiriusPoint from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.