42,324 Shares in SiriusPoint Ltd. $SPNT Acquired by State of Wyoming

Key Points

• State of Wyoming acquired 42,324 SiriusPoint shares during the second quarter, valued at approximately $1.02 million. Institutional investors and hedge funds collectively own 52.79% of the company.
• Analyst sentiment is mixed, with two Buy ratings and three Hold ratings; the stock has an average rating of Hold and an average price target of $31.
• SiriusPoint reported quarterly EPS of $0.67, exceeding consensus estimates of $0.65, although revenue of $744.1 million fell short of the $798.95 million forecast. Shares opened at $23.77, up 2.3%.

State of Wyoming acquired a new position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 42,324 shares of the company's stock, valued at approximately $1,016,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew 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 worth $43,000 after purchasing an additional 1,377 shares in the last quarter. Leonteq Securities AG acquired a new position in SiriusPoint in the fourth quarter valued at about $136,000. Torren Management LLC acquired a new position in SiriusPoint in the fourth quarter valued at about $143,000. Inspire Investing LLC bought a new stake in SiriusPoint during the fourth quarter worth about $185,000. Finally, Entropy Technologies LP bought a new stake in SiriusPoint during the third quarter worth about $192,000. 52.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on SPNT shares. Zacks Research lowered shares of SiriusPoint from a "strong-buy" rating to a "hold" rating in a report on Monday, May 11th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of SiriusPoint in a report on Friday, August 7th. Finally, Wall Street Zen downgraded shares of SiriusPoint from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $31.00.

SiriusPoint Trading Up 2.3%

Shares of SPNT opened at $23.77 on Friday. SiriusPoint Ltd. has a 52-week low of $17.17 and a 52-week high of $26.48. The business's fifty day moving average is $23.91 and its 200-day moving average is $22.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 5.80 and a beta of 0.61.

SiriusPoint (NYSE:SPNT - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. The company had revenue of $744.10 million during the quarter, compared to analysts' expectations of $798.95 million. SiriusPoint had a return on equity of 15.65% and a net margin of 15.56%. Equities analysts anticipate that SiriusPoint Ltd. will post 2.57 EPS 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.

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