Bank of America Corp DE cut its position in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 64.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 347,928 shares of the company's stock after selling 628,995 shares during the period. Bank of America Corp DE owned 0.30% of SiriusPoint worth $7,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC grew its stake in SiriusPoint by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 19,954 shares of the company's stock valued at $437,000 after acquiring an additional 612 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of SiriusPoint by 50.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,448 shares of the company's stock worth $54,000 after purchasing an additional 823 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings 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 purchasing an additional 873 shares during the last quarter. Natixis Advisors LLC grew its position in shares of SiriusPoint by 7.2% in the fourth quarter. Natixis Advisors LLC now owns 13,592 shares of the company's stock valued at $298,000 after purchasing an additional 916 shares in the last quarter. Finally, Boothbay Fund Management LLC grew its position in shares of SiriusPoint by 0.9% in the third quarter. Boothbay Fund Management LLC now owns 116,800 shares of the company's stock valued at $2,113,000 after purchasing an additional 1,007 shares in the last quarter. 52.79% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have issued reports on SPNT shares. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of SiriusPoint in a research note on Friday, August 7th. Wall Street Zen lowered shares of SiriusPoint from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Zacks Research cut shares of SiriusPoint from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $31.00.
Get Our Latest Research Report on SPNT
SiriusPoint Trading Down 0.2%
NYSE SPNT opened at $23.98 on Wednesday. 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 $2.79 billion, a price-to-earnings ratio of 5.85 and a beta of 0.61. The firm has a 50 day simple moving average of $24.01 and a 200-day simple moving average of $22.69. SiriusPoint Ltd. has a one year low of $17.17 and a one year high of $26.48.
SiriusPoint (NYSE:SPNT - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm 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 research analysts anticipate that SiriusPoint Ltd. will post 2.57 EPS for the current fiscal year.
SiriusPoint 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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