Deutsche Bank AG bought a new stake in SiriusPoint Ltd. (NYSE:SPNT – Free Report) in the second quarter, Holdings Channel reports. The fund bought 115,913 shares of the company’s stock, valued at approximately $2,782,000.
A number of other institutional investors also recently made changes to their positions in SPNT. EverSource Wealth Advisors LLC lifted its holdings in shares of SiriusPoint by 187.1% during the 2nd 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 during the last quarter. Leonteq Securities AG acquired a new position in SiriusPoint in the fourth quarter worth approximately $136,000. Inspire Investing LLC bought a new position in SiriusPoint during the fourth quarter valued at approximately $185,000. Royal Bank of Canada raised its position in SiriusPoint by 64.0% during the fourth quarter. Royal Bank of Canada now owns 8,790 shares of the company’s stock valued at $192,000 after acquiring an additional 3,430 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in SiriusPoint in the fourth quarter valued at approximately $219,000. 52.79% of the stock is owned by institutional investors and hedge funds.
SiriusPoint Price Performance
SiriusPoint stock opened at $24.07 on Friday. The business’s 50-day simple moving average is $24.05 and its 200 day simple moving average is $22.74. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 5.87 and a beta of 0.61. SiriusPoint Ltd. has a 12-month low of $17.17 and a 12-month high of $26.48.
Wall Street Analyst Weigh In
SPNT has been the topic of several recent research reports. Weiss Ratings restated a “buy (b+)” rating on shares of SiriusPoint in a report on Friday, August 7th. Zacks Research lowered SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Wall Street Zen downgraded SiriusPoint from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.00.
Check Out Our Latest Stock Analysis on SiriusPoint
About SiriusPoint
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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