SiriusPoint Ltd. $SPNT Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC reduced its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 54.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,000 shares of the company’s stock after selling 25,139 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in SiriusPoint were worth $380,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SPNT. Royal Bank of Canada boosted its position in SiriusPoint by 20.1% during the first quarter. Royal Bank of Canada now owns 17,589 shares of the company’s stock worth $304,000 after acquiring an additional 2,949 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in SiriusPoint by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,933 shares of the company’s stock valued at $967,000 after acquiring an additional 2,480 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of SiriusPoint by 223.1% during the 1st 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 boosted 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 last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of SiriusPoint by 281.2% during the first quarter. Jane Street Group LLC now owns 236,222 shares of the company’s stock worth $4,084,000 after purchasing an additional 174,246 shares during the last quarter. 52.79% of the stock is currently owned by hedge funds and other institutional investors.

SiriusPoint Stock Down 0.3%

Shares of NYSE:SPNT opened at $19.95 on Friday. The stock has a 50-day simple moving average of $21.12 and a 200-day simple moving average of $19.51. The stock has a market capitalization of $2.33 billion, a P/E ratio of 12.55 and a beta of 0.69. SiriusPoint Ltd. has a 1 year low of $13.26 and a 1 year high of $22.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.57 and a current ratio of 0.57.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. SiriusPoint had a net margin of 6.97% and a return on equity of 11.31%. The firm had revenue of $755.90 million for the quarter, compared to analysts’ expectations of $738.35 million.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SPNT shares. Weiss Ratings reiterated a “buy (b+)” rating on shares of SiriusPoint in a research note on Monday, December 29th. Raymond James Financial began coverage on shares of SiriusPoint in a report on Friday, January 16th. They set a “market perform” rating on the stock. Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Wall Street Zen lowered shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

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.