Punch & Associates Investment Management Inc. Acquires 25,438 Shares of SiriusPoint Ltd. $SPNT

Punch & Associates Investment Management Inc. grew its holdings in SiriusPoint Ltd. (NYSE:SPNT) by 1.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,415,529 shares of the company’s stock after buying an additional 25,438 shares during the period. SiriusPoint accounts for approximately 1.8% of Punch & Associates Investment Management Inc.’s portfolio, making the stock its 9th largest position. Punch & Associates Investment Management Inc. owned about 1.20% of SiriusPoint worth $30,491,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Goldman Sachs Group Inc. grew its holdings in shares of SiriusPoint by 223.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,086,688 shares of the company’s stock worth $36,079,000 after buying an additional 1,440,836 shares during the last quarter. Donald Smith & CO. Inc. raised its stake in 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 last quarter. Capital Research Global Investors lifted its position in 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 during the period. Millennium Management LLC lifted its position in SiriusPoint by 3,428.3% during the 3rd quarter. Millennium Management LLC now owns 584,318 shares of the company’s stock worth $10,570,000 after acquiring an additional 567,757 shares during the period. Finally, Qube Research & Technologies Ltd grew its stake in shares of SiriusPoint by 2,183.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 515,464 shares of the company’s stock valued at $9,325,000 after purchasing an additional 492,894 shares during the last quarter. Institutional investors and hedge funds own 52.79% of the company’s stock.

SiriusPoint Stock Performance

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

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.70 EPS for the quarter. SiriusPoint had a return on equity of 16.92% and a net margin of 15.38%.The business had revenue of $774.60 million during the quarter. Research analysts expect that SiriusPoint Ltd. will post 2.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. B. Riley Financial began coverage on SiriusPoint in a report on Friday, April 17th. They issued a “buy” rating and a $31.00 target price on the stock. Zacks Research downgraded SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings cut shares of SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, SiriusPoint presently has an average rating of “Hold” and a consensus target price of $31.00.

SiriusPoint 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.