CWA Asset Management Group LLC Invests $1.14 Million in SiriusPoint Ltd. $SPNT

CWA Asset Management Group LLC purchased a new stake in SiriusPoint Ltd. (NYSE:SPNT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,842 shares of the company’s stock, valued at approximately $1,135,000.

A number of other hedge funds have also recently bought and sold shares of the business. Caitlin John LLC purchased a new stake in SiriusPoint during the 3rd quarter worth approximately $39,000. EverSource Wealth Advisors LLC raised its position in shares of SiriusPoint by 187.1% in the 2nd 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of SiriusPoint by 46.5% during the 4th quarter. GAMMA Investing LLC now owns 7,413 shares of the company’s stock valued at $162,000 after buying an additional 2,352 shares during the last quarter. CWM LLC boosted its stake in shares of SiriusPoint by 231.8% during the 3rd quarter. CWM LLC now owns 9,822 shares of the company’s stock valued at $178,000 after buying an additional 6,862 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of SiriusPoint during the third quarter worth approximately $192,000. Institutional investors and hedge funds own 52.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Zacks Research lowered shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings downgraded shares of SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday. Wall Street Zen lowered shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Raymond James Financial began coverage on shares of SiriusPoint in a research note on Friday, January 16th. They issued a “market perform” rating on the stock. Finally, Jefferies Financial Group raised shares of SiriusPoint to a “hold” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, SiriusPoint presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

SiriusPoint Trading Up 0.7%

SiriusPoint stock opened at $20.40 on Monday. SiriusPoint Ltd. has a 1 year low of $14.76 and a 1 year high of $22.89. The firm’s 50-day moving average is $20.50 and its 200-day moving average is $20.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market cap of $2.39 billion, a P/E ratio of 5.53 and a beta of 0.66.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.16. The business had revenue of $973.70 million during the quarter, compared to the consensus estimate of $773.00 million. SiriusPoint had a net margin of 14.34% and a return on equity of 15.90%.

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.