Louisiana State Employees Retirement System Takes $993,000 Position in SiriusPoint Ltd. $SPNT

Louisiana State Employees Retirement System purchased a new stake in SiriusPoint Ltd. (NYSE:SPNT) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,100 shares of the company’s stock, valued at approximately $993,000.

Other hedge funds have also bought and sold shares of the company. Royal Bank of Canada raised its stake in SiriusPoint by 20.1% in the 1st quarter. Royal Bank of Canada now owns 17,589 shares of the company’s stock worth $304,000 after purchasing an additional 2,949 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of SiriusPoint by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,933 shares of the company’s stock worth $967,000 after purchasing an additional 2,480 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings 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 worth $36,079,000 after purchasing an additional 1,440,836 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of SiriusPoint by 15.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 228,874 shares of the company’s stock worth $3,957,000 after purchasing an additional 30,022 shares during the period. Finally, Jane Street Group LLC raised its position in shares of SiriusPoint by 281.2% in the first quarter. Jane Street Group LLC now owns 236,222 shares of the company’s stock valued at $4,084,000 after buying an additional 174,246 shares in the last quarter. 52.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on SPNT. Wall Street Zen cut SiriusPoint from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. B. Riley Financial began coverage on SiriusPoint in a research note on Friday, April 17th. They set a “buy” rating and a $31.00 price objective on the stock. Weiss Ratings cut SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Finally, Zacks Research downgraded SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.00.

SiriusPoint Trading Down 0.2%

Shares of SPNT stock opened at $24.59 on Friday. SiriusPoint Ltd. has a fifty-two week low of $17.17 and a fifty-two week high of $24.63. The stock’s fifty day moving average price is $23.02 and its two-hundred day moving average price is $21.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $2.89 billion, a PE ratio of 6.12 and a beta of 0.60.

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

SiriusPoint Company 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.