114,976 Shares in SiriusPoint Ltd. $SPNT Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D bought a new stake in SiriusPoint Ltd. (NYSE:SPNT) during the third quarter, Holdings Channel.com reports. The institutional investor bought 114,976 shares of the company’s stock, valued at approximately $2,080,000.

Other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in shares of SiriusPoint by 223.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,086,688 shares of the company’s stock valued at $36,079,000 after acquiring an additional 1,440,836 shares during the last quarter. American Century Companies Inc. increased its holdings in SiriusPoint by 29.1% in the 2nd quarter. American Century Companies Inc. now owns 4,891,478 shares of the company’s stock valued at $99,737,000 after purchasing an additional 1,101,899 shares during the last quarter. Assenagon Asset Management S.A. raised its position in SiriusPoint by 896.1% in the third quarter. Assenagon Asset Management S.A. now owns 650,555 shares of the company’s stock valued at $11,769,000 after purchasing an additional 585,243 shares during the period. LSV Asset Management acquired a new position in SiriusPoint during the third quarter worth $8,337,000. Finally, Federated Hermes Inc. boosted its position in shares of SiriusPoint by 45.0% during the second quarter. Federated Hermes Inc. now owns 600,985 shares of the company’s stock worth $12,254,000 after buying an additional 186,493 shares during the period. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Stock Performance

Shares of SiriusPoint stock opened at $21.15 on Wednesday. The business has a 50-day simple moving average of $20.84 and a 200-day simple moving average of $19.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.57 and a current ratio of 0.59. SiriusPoint Ltd. has a one year low of $14.05 and a one year high of $22.89. The company has a market cap of $2.47 billion, a PE ratio of 5.73 and a beta of 0.68.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.16. SiriusPoint had a net margin of 14.34% and a return on equity of 15.90%. The company had revenue of $973.70 million during the quarter, compared to the consensus estimate of $773.00 million.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Zacks Research downgraded SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Wall Street Zen lowered shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “buy (b+)” rating on shares of SiriusPoint in a research note on Monday, December 29th. Jefferies Financial Group raised shares of SiriusPoint to a “hold” rating in a research note on Wednesday, February 4th. Finally, Raymond James Financial initiated coverage on shares of SiriusPoint in a report on Friday, January 16th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, SiriusPoint presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

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.