Teacher Retirement System of Texas Acquires Shares of 15,356 SiriusPoint Ltd. (NYSE:SPNT)

Teacher Retirement System of Texas acquired a new stake in shares of SiriusPoint Ltd. (NYSE:SPNT) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 15,356 shares of the company’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of SiriusPoint by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 11,035,872 shares of the company’s stock valued at $180,878,000 after purchasing an additional 144,963 shares in the last quarter. Wellington Management Group LLP boosted its stake in SiriusPoint by 8.5% in the fourth quarter. Wellington Management Group LLP now owns 10,694,214 shares of the company’s stock valued at $175,278,000 after acquiring an additional 838,262 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in SiriusPoint by 12.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 7,887,887 shares of the company’s stock valued at $129,282,000 after acquiring an additional 900,209 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in SiriusPoint by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,568,197 shares of the company’s stock valued at $124,018,000 after acquiring an additional 252,120 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in SiriusPoint by 17.8% in the fourth quarter. Capital Research Global Investors now owns 6,300,000 shares of the company’s stock valued at $103,257,000 after acquiring an additional 950,000 shares in the last quarter. Institutional investors own 52.79% of the company’s stock.

Insiders Place Their Bets

In other SiriusPoint news, Director La Gueronniere Rafe De sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $19.55, for a total transaction of $586,500.00. Following the completion of the transaction, the director owned 127,578 shares in the company, valued at $2,494,149.90. The trade was a 19.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on SPNT. Jefferies Financial Group began coverage on shares of SiriusPoint in a report on Tuesday, April 15th. They set a “hold” rating and a $17.00 target price for the company. Oppenheimer set a $25.00 target price on shares of SiriusPoint and gave the stock an “outperform” rating in a report on Thursday, June 26th. Finally, Wall Street Zen cut shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a report on Friday, June 27th.

SiriusPoint Stock Performance

SPNT opened at $18.98 on Friday. The firm has a market capitalization of $2.21 billion, a PE ratio of 19.77 and a beta of 0.86. SiriusPoint Ltd. has a twelve month low of $12.78 and a twelve month high of $21.03. The firm’s 50-day moving average price is $19.39 and its 200 day moving average price is $16.89. 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 (NYSE:SPNT) last issued its earnings results on Monday, May 5th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.23. The company had revenue of $727.30 million for the quarter, compared to the consensus estimate of $688.00 million. SiriusPoint had a net margin of 6.30% and a return on equity of 7.78%.

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.