59,211 Shares in SiriusPoint Ltd. $SPNT Acquired by Horizon Investments LLC

Key Points

• Horizon Investments LLC opened a new position in SiriusPoint, buying 59,211 shares worth approximately $1.296 million, and institutional investors now own about 52.79% of the company.
• Analyst coverage is broadly favorable with an average rating of Buy and an average price target of $28.00 (two Strong Buy, two Buy, two Hold).
• SiriusPoint recently beat quarterly estimates with $0.70 EPS vs. $0.54 expected and revenue of $973.7M, and the stock trades near $23.28 with a market cap of $2.72B and a P/E of 6.31.

Horizon Investments LLC bought a new position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 59,211 shares of the company's stock, valued at approximately $1,296,000. Horizon Investments LLC owned 0.05% of SiriusPoint as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Caitlin John LLC acquired a new position in SiriusPoint in the 3rd quarter valued at $39,000. Optima Capital LLC bought a new stake in SiriusPoint during the fourth quarter valued at about $41,000. EverSource Wealth Advisors LLC grew its position in shares of SiriusPoint by 187.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company's stock valued at $43,000 after purchasing an additional 1,377 shares during the last quarter. Torren Management LLC bought a new position in shares of SiriusPoint in the fourth quarter worth about $143,000. Finally, GAMMA Investing LLC lifted its position in shares of SiriusPoint by 46.5% during the 4th quarter. GAMMA Investing LLC now owns 7,413 shares of the company's stock worth $162,000 after purchasing an additional 2,352 shares during the last quarter. Institutional investors own 52.79% of the company's stock.

Analysts Set New Price Targets

SPNT has been the subject of several recent analyst reports. Jefferies Financial Group upgraded SiriusPoint to a "hold" rating in a research note on Wednesday, February 4th. Weiss Ratings upgraded shares of SiriusPoint from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Friday, April 24th. B. Riley Financial started coverage on shares of SiriusPoint in a report on Friday, April 17th. They issued a "buy" rating and a $31.00 price target for the company. Raymond James Financial started coverage on shares of SiriusPoint in a research report on Friday, January 16th. They issued a "market perform" rating on the stock. Finally, Zacks Research raised shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $28.00.

SiriusPoint Trading Up 0.1%

Shares of SPNT stock opened at $23.28 on Thursday. The firm has a fifty day moving average of $21.92 and a 200-day moving average of $20.97. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 6.31 and a beta of 0.66. SiriusPoint Ltd. has a 52-week low of $17.17 and a 52-week high of $23.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59.

SiriusPoint (NYSE:SPNT - Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.16. The business had revenue of $973.70 million for the quarter, compared to analysts' expectations of $773.00 million. SiriusPoint had a net margin of 14.34% and a return on equity of 15.90%. On average, equities research analysts forecast that SiriusPoint Ltd. will post 2.55 earnings per share for the current fiscal year.

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.

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