American Century Companies Inc. Has $65.52 Million Stock Position in SiriusPoint Ltd. $SPNT

Key Points

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American Century Companies Inc. increased its position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 42.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,789,579 shares of the company's stock after buying an additional 1,132,787 shares during the quarter. American Century Companies Inc. owned about 3.25% of SiriusPoint worth $65,522,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SPNT. Sterling Capital Management LLC raised its stake in shares of SiriusPoint by 742.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,714 shares of the company's stock worth $44,000 after purchasing an additional 2,392 shares during the last quarter. US Bancorp DE bought a new position in shares of SiriusPoint in the first quarter valued at approximately $65,000. GAMMA Investing LLC grew its holdings in shares of SiriusPoint by 91.0% in the first quarter. GAMMA Investing LLC now owns 4,379 shares of the company's stock valued at $76,000 after acquiring an additional 2,086 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of SiriusPoint by 25.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,568 shares of the company's stock valued at $173,000 after acquiring an additional 2,115 shares in the last quarter. Finally, Quantessence Capital LLC bought a new position in shares of SiriusPoint in the fourth quarter valued at approximately $183,000. 52.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wall Street Zen lowered SiriusPoint from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. B. Riley began coverage on SiriusPoint in a report on Monday, July 21st. They set a "buy" rating and a $33.00 price objective for the company. Finally, Oppenheimer set a $25.00 price target on SiriusPoint and gave the stock an "outperform" rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $25.00.

SiriusPoint Stock Down 0.4%

NYSE SPNT opened at $18.21 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $2.13 billion, a PE ratio of 20.46 and a beta of 0.86. SiriusPoint Ltd. has a 1 year low of $12.78 and a 1 year high of $21.03. The business's 50-day moving average is $19.20 and its 200 day moving average is $17.51.

SiriusPoint (NYSE:SPNT - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.10. The business had revenue of $948.20 million for the quarter, compared to analysts' expectations of $720.10 million. SiriusPoint had a return on equity of 6.57% and a net margin of 4.38%.

About SiriusPoint

SiriusPoint Ltd. provides multi-line insurance and reinsurance products and services worldwide. The company operates through two segments, Reinsurance, and Insurance & Services. The Reinsurance segment provides aviation and space, accident and health, casualty, credit, marine and energy, property to insurance and reinsurance companies, government entities, and other risk bearing vehicles.

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