SiriusPoint Ltd. $SPNT Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its holdings in shares of SiriusPoint Ltd. (NYSE:SPNT) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 555,067 shares of the company’s stock after selling 95,488 shares during the quarter. Assenagon Asset Management S.A. owned about 0.48% of SiriusPoint worth $12,150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 1,377 shares during the last quarter. Caitlin John LLC acquired a new stake in shares of SiriusPoint in the 3rd quarter worth $39,000. GAMMA Investing LLC raised its holdings in shares of SiriusPoint by 46.5% during the 4th quarter. GAMMA Investing LLC now owns 7,413 shares of the company’s stock worth $162,000 after acquiring an additional 2,352 shares during the period. CWM LLC boosted its position 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 acquiring an additional 6,862 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of SiriusPoint by 8.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,469 shares of the company’s stock valued at $213,000 after acquiring an additional 807 shares during the last quarter. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Stock Down 2.2%

SPNT stock opened at $20.83 on Friday. SiriusPoint Ltd. has a 12 month low of $14.76 and a 12 month high of $22.89. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 5.64 and a beta of 0.66. The company has a fifty day moving average price of $20.59 and a 200 day moving average price of $20.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.16. SiriusPoint had a return on equity of 15.90% and a net margin of 14.34%.The firm had revenue of $973.70 million for the quarter, compared to analyst estimates of $773.00 million.

Analyst Ratings Changes

Several equities analysts have weighed in on SPNT shares. Zacks Research lowered shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings cut SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, March 19th. Wall Street Zen lowered SiriusPoint from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Jefferies Financial Group upgraded SiriusPoint to a “hold” rating in a research report on Wednesday, February 4th. Finally, Raymond James Financial assumed coverage on SiriusPoint in a research note on Friday, January 16th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, SiriusPoint has an average rating of “Moderate Buy” and a consensus target price of $25.00.

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.