SiriusPoint And Its Preferred Stock Are Underrated Opportunities In The Insurance Sector

Summary

  • SiriusPoint has outperformed the S&P 500 and peers, highlighting strong management and market position.
  • The company boasts investment-grade credit ratings, reinforcing its financial strength and reliability as a preferred equity issuer.
  • SPNT.PR.B preferred stock offers a high 7.01% yield to call, resettable rate, and growth potential, appealing to long-term income investors.
  • Given solid fundamentals and attractive yields, SPNT.PR.B presents a compelling moderate-risk opportunity for income-focused investors.

Wooden blocks with percentage signs showing an upward trend, concept of interest growth.

Phimprapha Kitaiamphaisan

Co-authored by Strategic Yield.

In this article, we want to draw the attention of investors seeking an attractive opportunity: SiriusPoint Ltd.(NYSE:SPNT) and its preferred stock, the cumulative 8% (NYSE:SPNT.PR.B).

Company Overview

SiriusPoint is a global insurer and reinsurer, headquartered

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This article was written by

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Arbitrage Trader, aka Denislav Iliev has been day trading for 15+ years and leads a team of 40 analysts. They identify mispriced investments in fixed-income and closed-end funds based on simple-to-understand financial logic.

Denislav leads the investing group Trade With Beta, features of the service include: frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of 1200+ equities, IPO previews, hedging strategies, an actively managed portfolio, and chat for discussion. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SPNT.PR.B either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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