Empowered Funds LLC purchased a new position in shares of SiriusPoint Ltd. (NYSE:SPNT – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 565,259 shares of the company’s stock, valued at approximately $13,566,000.
Several other large investors also recently modified their holdings of SPNT. EverSource Wealth Advisors LLC boosted its holdings in shares of SiriusPoint by 187.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $43,000 after acquiring an additional 1,377 shares in the last quarter. Caitlin John LLC acquired a new position in SiriusPoint during the 2nd quarter valued at about $52,000. Leonteq Securities AG acquired a new position in SiriusPoint in the fourth quarter valued at approximately $136,000. Inspire Investing LLC bought a new position in shares of SiriusPoint in the 4th quarter worth $185,000. Finally, Vise Technologies Inc. acquired a new position in shares of SiriusPoint during the 2nd quarter worth about $205,000. 52.79% of the stock is currently owned by institutional investors.
SiriusPoint Stock Performance
NYSE SPNT opened at $24.22 on Friday. SiriusPoint Ltd. has a fifty-two week low of $17.17 and a fifty-two week high of $26.48. The firm’s fifty day moving average price is $24.08 and its two-hundred day moving average price is $22.75. 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 stock has a market cap of $2.81 billion, a PE ratio of 5.91 and a beta of 0.61.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Wall Street Zen lowered SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “buy (b+)” rating on shares of SiriusPoint in a research note on Friday, August 7th. Finally, Zacks Research lowered shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.00.
Read Our Latest Research Report on SPNT
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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