SiriusPoint Ltd. $SPNT is Private Management Group Inc.’s 3rd Largest Position

Private Management Group Inc. reduced its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,477,478 shares of the company’s stock after selling 44,629 shares during the period. SiriusPoint accounts for about 2.2% of Private Management Group Inc.’s investment portfolio, making the stock its 3rd largest holding. Private Management Group Inc. owned about 2.98% of SiriusPoint worth $76,122,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CWA Asset Management Group LLC bought a new stake in shares of SiriusPoint in the fourth quarter worth approximately $1,135,000. Horizon Investments LLC bought a new stake in shares of SiriusPoint in the fourth quarter worth approximately $1,296,000. State of New Jersey Common Pension Fund D bought a new stake in shares of SiriusPoint in the third quarter worth approximately $2,080,000. Public Sector Pension Investment Board grew its stake in shares of SiriusPoint by 44.3% in the third quarter. Public Sector Pension Investment Board now owns 453,443 shares of the company’s stock worth $8,203,000 after acquiring an additional 139,290 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of SiriusPoint by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 12,126,635 shares of the company’s stock worth $265,452,000 after buying an additional 368,908 shares during the last quarter. 52.79% of the stock is currently owned by institutional investors.

SiriusPoint Stock Performance

SPNT opened at $23.73 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 5.90 and a beta of 0.61. The company’s 50 day moving average is $22.79 and its 200 day moving average is $21.61. SiriusPoint Ltd. has a 12-month low of $17.17 and a 12-month high of $24.32.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.70 earnings per share for the quarter. SiriusPoint had a net margin of 15.38% and a return on equity of 16.92%. The business had revenue of $774.60 million for the quarter. On average, equities research analysts predict that SiriusPoint Ltd. will post 2.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SPNT. Weiss Ratings downgraded shares of SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. B. Riley Financial began coverage on shares of SiriusPoint in a report on Friday, April 17th. They issued a “buy” rating and a $31.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of SiriusPoint from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, SiriusPoint has a consensus rating of “Moderate Buy” and an average target price of $28.00.

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.