Bank of New York Mellon Corp acquired a new stake in SiriusPoint Ltd. (NYSE:SPNT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 698,909 shares of the company's stock, valued at approximately $16,774,000. Bank of New York Mellon Corp owned approximately 0.60% of SiriusPoint as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SPNT. ProShare Advisors LLC raised its position in SiriusPoint by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 19,954 shares of the company's stock worth $437,000 after purchasing an additional 612 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of SiriusPoint by 50.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,448 shares of the company's stock worth $54,000 after buying an additional 823 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of SiriusPoint by 5.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 16,994 shares of the company's stock worth $372,000 after buying an additional 873 shares during the period. Natixis Advisors LLC boosted its stake in SiriusPoint by 7.2% in the 4th quarter. Natixis Advisors LLC now owns 13,592 shares of the company's stock valued at $298,000 after buying an additional 916 shares in the last quarter. Finally, Boothbay Fund Management LLC boosted its stake in SiriusPoint by 0.9% in the 3rd quarter. Boothbay Fund Management LLC now owns 116,800 shares of the company's stock valued at $2,113,000 after buying an additional 1,007 shares in the last quarter. 52.79% of the stock is owned by institutional investors.
SiriusPoint Trading Down 0.1%
SPNT stock opened at $24.16 on Tuesday. The business has a fifty day moving average price of $24.11 and a 200 day moving average price of $22.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.58 and a quick ratio of 0.58. SiriusPoint Ltd. has a fifty-two week low of $17.17 and a fifty-two week high of $26.48. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 5.89 and a beta of 0.61.
SiriusPoint (NYSE:SPNT - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.67 EPS for the quarter, topping 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 company had revenue of $744.10 million for the quarter, compared to analyst estimates of $798.95 million. Analysts expect that SiriusPoint Ltd. will post 2.57 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on SPNT shares. Wall Street Zen cut SiriusPoint from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Zacks Research lowered shares of SiriusPoint from a "strong-buy" rating to a "hold" rating in a report on Monday, May 11th. Finally, Weiss Ratings reiterated a "buy (b+)" rating on shares of SiriusPoint in a research report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, SiriusPoint presently has an average rating of "Hold" and an average price target of $31.00.
View Our Latest Research Report on SiriusPoint
SiriusPoint Company Profile
(
Free Report)
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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