SiriusPoint announces a $0.50 quarterly dividend on its Series B Preference Shares, payable May 30, 2025.
Quiver AI Summary
SiriusPoint Ltd., an international specialty insurer and reinsurer, has declared a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B, payable by May 30, 2025, to shareholders of record as of May 15, 2025. The company's headquarters is in Bermuda, with additional offices in major cities globally, and it holds licenses to write various forms of insurance and reinsurance. With a total capital of approximately $2.7 billion, SiriusPoint's operating entities have received strong financial ratings from agencies such as AM Best and S&P. For more information, interested parties can visit their website.
Potential Positives
- Approval of a quarterly cash dividend of $0.50 per share reflects strong financial performance and commitment to returning value to shareholders.
- Maintaining an A- (Excellent) financial strength rating from AM Best, S&P, and Fitch assures stakeholders of the company's stability and reliability.
- Strategic partnerships with Managing General Agents and Program Administrators enhance SiriusPoint's distribution capabilities, potentially leading to increased market share and revenues.
- Presence in major global financial centers such as New York, London, and Stockholm indicates a robust international operational framework and market access.
Potential Negatives
- The announcement of a quarterly cash dividend may indicate that the company is prioritizing short-term shareholder returns over long-term investment in growth or innovation, which could be viewed negatively by some investors.
- While the company has a solid financial strength rating, the decision to issue dividends may suggest cash flow constraints, raising concerns about the sustainability of its operations in a challenging market environment.
- Paying dividends during uncertain economic times might be perceived as a lack of confidence in future earnings potential, which could negatively affect investor sentiment.
FAQ
What is the dividend announced by SiriusPoint?
SiriusPoint announced a quarterly cash dividend of $0.50 per share on its Series B Preference Shares.
When will the dividend be paid to shareholders?
The dividend will be payable on or prior to May 30, 2025.
Who is eligible to receive the dividend?
Only Series B shareholders of record as of May 15, 2025, will be eligible for the dividend payment.
What is the financial strength rating of SiriusPoint?
SiriusPoint has a financial strength rating of A- from AM Best, S&P, and Fitch, and A3 from Moody’s.
Where is SiriusPoint headquartered?
SiriusPoint is headquartered in Hamilton, Bermuda, with additional offices in New York, London, and Stockholm.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SPNT Insider Trading Activity
$SPNT insiders have traded $SPNT stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $SPNT stock by insiders over the last 6 months:
- DANIEL S LOEB has made 0 purchases and 2 sales selling 4,106,631 shares for an estimated $56,301,911.
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$SPNT Hedge Fund Activity
We have seen 77 institutional investors add shares of $SPNT stock to their portfolio, and 75 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 4,185,292 shares (-28.8%) from their portfolio in Q1 2025, for an estimated $72,363,698
- VICTORY CAPITAL MANAGEMENT INC added 2,678,214 shares (+4246.7%) to their portfolio in Q1 2025, for an estimated $46,306,320
- MORGAN STANLEY removed 1,025,828 shares (-39.8%) from their portfolio in Q4 2024, for an estimated $16,813,320
- CAPITAL RESEARCH GLOBAL INVESTORS added 950,000 shares (+17.8%) to their portfolio in Q4 2024, for an estimated $15,570,500
- DONALD SMITH & CO., INC. added 900,209 shares (+12.9%) to their portfolio in Q4 2024, for an estimated $14,754,425
- WELLINGTON MANAGEMENT GROUP LLP added 838,262 shares (+8.5%) to their portfolio in Q4 2024, for an estimated $13,739,114
- HARBOR CAPITAL ADVISORS, INC. added 397,263 shares (+inf%) to their portfolio in Q1 2025, for an estimated $6,868,677
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Full Release
HAMILTON, Bermuda, May 05, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), an international specialty insurer and reinsurer, has announced that the Audit Committee of the Board of Directors of SiriusPoint Ltd. approved a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share payable on or prior to May 30, 2025 to Series B shareholders of record as of May 15, 2025.
About SiriusPoint
SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With approximately $2.7 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch, and A3 from Moody’s. For more information, please visit www.siriuspt.com.
Contacts
Investor Relations
Liam Blackledge, SiriusPoint
[email protected]
+ 44 203 772 3082
Media
Sarah Hills, Rein4ce
[email protected]
+ 44 7718 882011
