Wellington Management Group LLP Has $190.80 Million Stake in SiriusPoint Ltd. $SPNT

Wellington Management Group LLP grew its position in SiriusPoint Ltd. (NYSE:SPNT) by 3.2% in the first quarter, HoldingsChannel.com reports. The fund owned 11,035,310 shares of the company’s stock after buying an additional 341,096 shares during the quarter. Wellington Management Group LLP owned about 0.09% of SiriusPoint worth $190,801,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SPNT. Mariner LLC increased its holdings in SiriusPoint by 6.3% during the 4th quarter. Mariner LLC now owns 20,792 shares of the company’s stock valued at $341,000 after purchasing an additional 1,230 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of SiriusPoint by 8.4% during the fourth quarter. Bank of Montreal Can now owns 18,013 shares of the company’s stock worth $295,000 after purchasing an additional 1,393 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of SiriusPoint by 10.9% in the first quarter. Natixis Advisors LLC now owns 14,662 shares of the company’s stock valued at $254,000 after buying an additional 1,444 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of SiriusPoint by 91.0% in the first quarter. GAMMA Investing LLC now owns 4,379 shares of the company’s stock valued at $76,000 after buying an additional 2,086 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of SiriusPoint by 25.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,568 shares of the company’s stock valued at $173,000 after buying an additional 2,115 shares during the last quarter. 52.79% of the stock is currently owned by institutional investors.

SiriusPoint Stock Up 2.1%

Shares of NYSE SPNT opened at $18.6230 on Thursday. The firm has a market capitalization of $2.17 billion, a PE ratio of 20.92 and a beta of 0.86. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.36. SiriusPoint Ltd. has a 1 year low of $12.78 and a 1 year high of $21.03. The firm’s 50-day moving average is $19.17 and its 200-day moving average is $17.52.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.10. SiriusPoint had a net margin of 4.38% and a return on equity of 6.57%. The business had revenue of $948.20 million during the quarter, compared to the consensus estimate of $720.10 million.

Wall Street Analysts Forecast Growth

SPNT has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a report on Friday, June 27th. Oppenheimer set a $25.00 price target on shares of SiriusPoint and gave the company an “outperform” rating in a research note on Thursday, June 26th. Finally, B. Riley began coverage on shares of SiriusPoint in a report on Monday, July 21st. They issued a “buy” rating and a $33.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $25.00.

About SiriusPoint

SiriusPoint Ltd. provides multi-line insurance and reinsurance products and services worldwide. The company operates through two segments, Reinsurance, and Insurance & Services. The Reinsurance segment provides aviation and space, accident and health, casualty, credit, marine and energy, property to insurance and reinsurance companies, government entities, and other risk bearing vehicles.