VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of SiriusPoint Ltd. (NYSE:SPNT – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 127,708 shares of the company’s stock, valued at approximately $3,065,000.
A number of other hedge funds also recently bought and sold shares of SPNT. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 1,377 shares in the last quarter. Caitlin John LLC acquired a new stake in SiriusPoint in the 2nd quarter worth approximately $52,000. Leonteq Securities AG acquired a new position in shares of SiriusPoint during the 4th quarter worth about $136,000. Inspire Investing LLC acquired a new position in shares of SiriusPoint during the fourth quarter worth approximately $185,000. Finally, Royal Bank of Canada raised its holdings in SiriusPoint by 64.0% in the 4th 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. 52.79% of the stock is owned by hedge funds and other institutional investors.
SiriusPoint Stock Up 0.4%
Shares of SPNT opened at $24.35 on Friday. The business’s fifty day moving average price is $24.21 and its two-hundred day moving average price is $23.00. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 5.94 and a beta of 0.61. SiriusPoint Ltd. has a 52 week low of $17.17 and a 52 week high of $26.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.58.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of SiriusPoint in a research report on Friday, August 7th. 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 MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $31.00.
Get Our Latest Stock Analysis on SiriusPoint
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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