SiriusPoint Ltd. $SPNT Shares Sold by SG Americas Securities LLC

Key Points

• SG Americas Securities cut its stake in SiriusPoint by 75.9% in Q4, selling 75,361 shares and leaving 23,909 shares valued at about $523,000, while institutional investors now own roughly 52.79% of the stock.
• SiriusPoint reported stronger-than-expected results for the quarter, with EPS of $0.70 vs. $0.54 expected and revenue of $973.7 million versus $773.0 million, and posted a 15.9% return on equity and a 14.34% net margin.
• The stock trades near $22.87 with a market cap of $2.68 billion and a P/E of 6.2, and analysts have an average rating of Buy with a consensus price target of $25.00.

SG Americas Securities LLC cut its holdings in SiriusPoint Ltd. (NYSE:SPNT - Free Report) by 75.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,909 shares of the company's stock after selling 75,361 shares during the period. SG Americas Securities LLC's holdings in SiriusPoint were worth $523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPNT. Caitlin John LLC acquired a new stake in SiriusPoint in the third quarter valued at $39,000. EverSource Wealth Advisors LLC raised its stake in 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 buying an additional 1,377 shares in the last quarter. GAMMA Investing LLC raised its stake in SiriusPoint by 46.5% in the fourth quarter. GAMMA Investing LLC now owns 7,413 shares of the company's stock valued at $162,000 after buying an additional 2,352 shares in the last quarter. CWM LLC raised its stake in SiriusPoint by 231.8% in the third quarter. CWM LLC now owns 9,822 shares of the company's stock valued at $178,000 after buying an additional 6,862 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in SiriusPoint in the third quarter valued at $192,000. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Stock Up 0.2%

SPNT opened at $22.87 on Monday. The business's 50-day simple moving average is $21.07 and its 200-day simple moving average is $20.41. 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 Ltd. has a one year low of $15.63 and a one year high of $23.42. The stock has a market capitalization of $2.68 billion, a P/E ratio of 6.20 and a beta of 0.65.

SiriusPoint (NYSE:SPNT - Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.16. SiriusPoint had a return on equity of 15.90% and a net margin of 14.34%.The business had revenue of $973.70 million for the quarter, compared to analysts' expectations of $773.00 million.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SPNT shares. Jefferies Financial Group upgraded SiriusPoint to a "hold" rating in a research note on Wednesday, February 4th. Raymond James Financial initiated coverage on SiriusPoint in a research note on Friday, January 16th. They issued a "market perform" rating on the stock. Zacks Research upgraded SiriusPoint from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 6th. Wall Street Zen cut SiriusPoint from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 17th. Finally, Weiss Ratings cut SiriusPoint from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, SiriusPoint currently has an average rating of "Buy" and a consensus price target of $25.00.

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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