Principal Financial Group Inc. Raises Stock Holdings in SiriusPoint Ltd. $SPNT

Principal Financial Group Inc. raised its stake in shares of SiriusPoint Ltd. (NYSE:SPNT) by 9.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 501,699 shares of the company’s stock after acquiring an additional 44,264 shares during the period. Principal Financial Group Inc.’s holdings in SiriusPoint were worth $9,076,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Arizona State Retirement System raised its holdings in shares of SiriusPoint by 1.9% during the third quarter. Arizona State Retirement System now owns 31,050 shares of the company’s stock valued at $562,000 after purchasing an additional 576 shares during the last quarter. ProShare Advisors LLC raised its stake in SiriusPoint by 2.7% during the 2nd quarter. ProShare Advisors LLC now owns 22,698 shares of the company’s stock valued at $463,000 after buying an additional 592 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of SiriusPoint by 8.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,469 shares of the company’s stock valued at $213,000 after buying an additional 807 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of SiriusPoint by 187.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock valued at $43,000 after buying an additional 1,377 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of SiriusPoint by 7.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,647 shares of the company’s stock worth $482,000 after buying an additional 1,568 shares during 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 a number of research reports. Jefferies Financial Group upgraded SiriusPoint to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of SiriusPoint in a research report on Monday, December 29th. Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Wall Street Zen cut shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Raymond James Financial assumed coverage on shares of SiriusPoint in a research report on Friday, January 16th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

SiriusPoint Stock Up 1.2%

Shares of SPNT stock opened at $20.58 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.57 and a quick ratio of 0.57. SiriusPoint Ltd. has a one year low of $13.26 and a one year high of $22.89. The company’s fifty day moving average price is $20.99 and its 200-day moving average price is $19.62. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 12.94 and a beta of 0.68.

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.