SiriusPoint Ltd. (NYSE:SPNT) Stock Position Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in shares of SiriusPoint Ltd. (NYSE:SPNT) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,482 shares of the company’s stock after selling 540 shares during the period. Mutual of America Capital Management LLC’s holdings in SiriusPoint were worth $233,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. US Bancorp DE bought a new position in SiriusPoint during the 1st quarter worth approximately $65,000. Natixis Advisors LLC lifted its holdings in SiriusPoint by 10.9% during the 1st quarter. Natixis Advisors LLC now owns 14,662 shares of the company’s stock worth $254,000 after buying an additional 1,444 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of SiriusPoint by 28.6% in the 1st quarter. XTX Topco Ltd now owns 35,578 shares of the company’s stock worth $615,000 after purchasing an additional 7,908 shares during the last quarter. Zweig DiMenna Associates LLC bought a new stake in shares of SiriusPoint in the 1st quarter worth approximately $7,582,000. Finally, Private Management Group Inc. lifted its holdings in shares of SiriusPoint by 0.5% in the 1st quarter. Private Management Group Inc. now owns 4,388,596 shares of the company’s stock worth $75,879,000 after purchasing an additional 20,573 shares during the last quarter. Institutional investors own 52.79% of the company’s stock.

SiriusPoint Stock Up 1.6%

SPNT opened at $18.77 on Thursday. SiriusPoint Ltd. has a 12 month low of $12.78 and a 12 month high of $21.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $2.19 billion, a P/E ratio of 21.09 and a beta of 0.86. The stock’s 50 day moving average price is $19.25 and its 200 day moving average price is $17.39.

SiriusPoint (NYSE:SPNT) last posted its earnings results on Monday, August 4th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.56 by $0.10. SiriusPoint had a return on equity of 6.57% and a net margin of 4.38%. The firm had revenue of $948.20 million for the quarter, compared to analysts’ expectations of $720.10 million.

Analysts Set New Price Targets

Several brokerages recently issued reports on SPNT. Oppenheimer set a $25.00 price target on SiriusPoint and gave the stock an “outperform” rating in a report on Thursday, June 26th. B. Riley began coverage on SiriusPoint in a report on Monday, July 21st. They issued a “buy” rating and a $33.00 price target on the stock. Finally, Wall Street Zen downgraded SiriusPoint from a “strong-buy” rating to a “buy” rating in a report on Friday, June 27th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, SiriusPoint currently has a consensus rating of “Buy” and a consensus price target of $25.00.

SiriusPoint Company Profile

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.