LSV Asset Management Sells 202,900 Shares of SiriusPoint Ltd. $SPNT

LSV Asset Management cut its stake in SiriusPoint Ltd. (NYSE:SPNT) by 44.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257,969 shares of the company’s stock after selling 202,900 shares during the quarter. LSV Asset Management owned about 0.22% of SiriusPoint worth $5,647,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in SiriusPoint by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 12,126,635 shares of the company’s stock worth $265,452,000 after purchasing an additional 368,908 shares in the last quarter. Capital Research Global Investors raised its holdings in SiriusPoint by 17.5% in the 3rd quarter. Capital Research Global Investors now owns 6,700,000 shares of the company’s stock worth $121,203,000 after purchasing an additional 1,000,000 shares in the last quarter. American Century Companies Inc. raised its holdings in SiriusPoint by 17.5% in the 3rd quarter. American Century Companies Inc. now owns 5,745,793 shares of the company’s stock worth $103,941,000 after purchasing an additional 854,315 shares in the last quarter. Victory Capital Management Inc. raised its holdings in SiriusPoint by 20.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,312,811 shares of the company’s stock worth $78,019,000 after purchasing an additional 736,823 shares in the last quarter. Finally, State Street Corp raised its holdings in SiriusPoint by 2.5% in the 2nd quarter. State Street Corp now owns 3,656,146 shares of the company’s stock worth $74,549,000 after purchasing an additional 89,472 shares in the last quarter. 52.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

SiriusPoint Stock Down 1.1%

Shares of SiriusPoint stock opened at $23.07 on Wednesday. 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 company has a 50-day moving average of $22.57 and a 200 day moving average of $21.45. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 5.74 and a beta of 0.66. SiriusPoint Ltd. has a 1 year low of $17.17 and a 1 year high of $24.32.

SiriusPoint (NYSE:SPNT) last issued 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 during the quarter. SiriusPoint had a net margin of 15.38% and a return on equity of 16.92%. As a group, sell-side analysts anticipate that SiriusPoint Ltd. will post 2.56 earnings per share 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.