Jefferies Initiates Hold Rating on SiriusPoint Preferred Stock

Fintel reports that on April 15, 2025, Jefferies began coverage of SiriusPoint – Preferred Stock (NYSE: SPNT.PRB) with a Hold recommendation.

Current Fund Sentiment

Currently, there are two funds or institutions with reported positions in SiriusPoint – Preferred Stock. This indicates a decrease of one owner, or 33.33%, compared to the previous quarter. The average portfolio weight of all funds allocated to SPNT.PRB is 0.85%, reflecting an increase of 66.84%. However, total shares owned by institutions dropped by 65.27% over the last three months, now totaling 86,000 shares.

Actions by Other Shareholders

PFFV – Global X Variable Rate Preferred ETF holds 86,000 shares of SPNT.PRB. In its previous filing, the firm reported ownership of 83,000 shares, indicating an increase of 4.35%. Additionally, the firm has raised its portfolio allocation in SPNT.PRB by 1.74% over the last quarter.

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This article originally appeared on Fintel.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.