VIRGINIA RETIREMENT SYSTEMS ET Al Takes $3.06 Million Position in SiriusPoint Ltd. $SPNT

Key Points

• Virginia Retirement Systems acquired 127,708 SiriusPoint shares worth approximately $3.06 million, while institutional investors and hedge funds collectively own 52.79% of the company.
• SiriusPoint reported quarterly EPS of $0.67, exceeding the $0.65 analyst consensus, though revenue of $744.1 million fell short of the $798.95 million estimate.
• The stock recently opened at $24.35, compared with a consensus analyst price target of $31.00; analysts overall rate SiriusPoint “Hold,” with two Buy and three Hold ratings.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of SiriusPoint Ltd. (NYSE:SPNT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 127,708 shares of the company's stock, valued at approximately $3,065,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.11% of SiriusPoint at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SPNT. California State Teachers Retirement System lifted its holdings in SiriusPoint by 2,796.2% in the second quarter. California State Teachers Retirement System now owns 2,863,896 shares of the company's stock worth $68,734,000 after acquiring an additional 2,765,011 shares during the last quarter. Susquehanna International Group LLP grew its holdings in shares of SiriusPoint by 2.0% during the second quarter. Susquehanna International Group LLP now owns 46,476 shares of the company's stock valued at $1,115,000 after purchasing an additional 895 shares during the last quarter. Wellington Management Group LLP raised its position in shares of SiriusPoint by 7.8% during the 2nd quarter. Wellington Management Group LLP now owns 3,342,706 shares of the company's stock worth $80,225,000 after purchasing an additional 241,648 shares during the period. Empowered Funds LLC acquired a new position in SiriusPoint during the 2nd quarter valued at approximately $13,566,000. Finally, Caitlin John LLC acquired a new position in SiriusPoint during the 2nd quarter valued at approximately $52,000. Institutional investors and hedge funds own 52.79% of the company's stock.

SiriusPoint Price Performance

Shares of NYSE:SPNT opened at $24.35 on Friday. SiriusPoint Ltd. has a 52 week low of $17.17 and a 52 week high of $26.48. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2.83 billion, a P/E ratio of 5.94 and a beta of 0.61. The firm's 50 day moving average is $24.21 and its two-hundred day moving average is $23.00.

SiriusPoint (NYSE:SPNT - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.67 earnings per share (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 during the quarter, compared to analyst estimates of $798.95 million. Analysts anticipate that SiriusPoint Ltd. will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of SiriusPoint in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $31.00.

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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