Canada Pension Plan Investment Board Invests $559,000 in SiriusPoint Ltd. $SPNT

Canada Pension Plan Investment Board acquired a new stake in SiriusPoint Ltd. (NYSE:SPNT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,300 shares of the company’s stock, valued at approximately $559,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPNT. EverSource Wealth Advisors LLC raised its stake in shares of SiriusPoint by 187.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $43,000 after buying an additional 1,377 shares in the last quarter. Leonteq Securities AG acquired a new position in SiriusPoint during the fourth quarter worth about $136,000. Inspire Investing LLC acquired a new position in SiriusPoint during the fourth quarter worth about $185,000. Royal Bank of Canada raised its holdings in shares of SiriusPoint by 64.0% in the 4th quarter. Royal Bank of Canada now owns 8,790 shares of the company’s stock worth $192,000 after purchasing an additional 3,430 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of SiriusPoint in the 3rd quarter worth approximately $192,000. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Trading Down 0.3%

NYSE SPNT opened at $24.34 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. SiriusPoint Ltd. has a 1-year low of $17.17 and a 1-year high of $26.48. The firm’s fifty day simple moving average is $24.14 and its 200-day simple moving average is $22.85. The company has a market capitalization of $2.83 billion, a PE ratio of 5.94 and a beta of 0.61.

SiriusPoint (NYSE:SPNT) last issued its earnings results on Thursday, July 30th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. SiriusPoint had a return on equity of 15.65% and a net margin of 15.56%.The firm had revenue of $744.10 million for the quarter, compared to the consensus estimate of $798.95 million. As a group, sell-side analysts anticipate that SiriusPoint Ltd. will post 2.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SPNT shares. Zacks Research lowered SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Wall Street Zen cut shares of SiriusPoint from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of SiriusPoint in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.