Healthcare of Ontario Pension Plan Trust Fund Acquires 137,402 Shares of SiriusPoint Ltd. $SPNT

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 47.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 427,402 shares of the company’s stock after buying an additional 137,402 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in SiriusPoint were worth $9,206,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SPNT. Optima Capital LLC purchased a new position in SiriusPoint in the fourth quarter worth about $41,000. EverSource Wealth Advisors LLC raised its position in SiriusPoint by 187.1% during 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 during the period. Leonteq Securities AG bought a new stake in shares of SiriusPoint in the 4th quarter valued at approximately $136,000. Torren Management LLC bought a new stake in shares of SiriusPoint in the 4th quarter valued at approximately $143,000. Finally, Inspire Investing LLC purchased a new position in shares of SiriusPoint in the 4th quarter worth approximately $185,000. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Stock Performance

SiriusPoint stock opened at $26.38 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $3.10 billion, a P/E ratio of 6.56 and a beta of 0.60. SiriusPoint Ltd. has a 1-year low of $17.17 and a 1-year high of $26.48. The company’s 50-day moving average is $23.54 and its 200 day moving average is $22.20.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. B. Riley Financial began coverage on SiriusPoint in a research report on Friday, April 17th. They issued a “buy” rating and a $31.00 price target for the company. Weiss Ratings lowered shares of SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Finally, Zacks Research cut shares of 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 issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.00.

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.