SiriusPoint Ltd. (NYSE:SPNT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of SiriusPoint Ltd. (NYSE:SPNT) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $28.00.

Several equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday. Jefferies Financial Group upgraded shares of SiriusPoint to a “hold” rating in a research report on Wednesday, February 4th. Raymond James Financial assumed coverage on shares of SiriusPoint in a research report on Friday, January 16th. They set a “market perform” rating for the company. Finally, B. Riley Financial assumed coverage on shares of SiriusPoint in a research report on Friday, April 17th. They set a “buy” rating and a $31.00 price objective for the company.

Institutional Investors Weigh In On SiriusPoint

Hedge funds and other institutional investors have recently made changes to their positions in the business. Optima Capital LLC acquired a new stake in shares of SiriusPoint in the fourth quarter valued at approximately $41,000. EverSource Wealth Advisors LLC raised its position in shares of SiriusPoint by 187.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock valued at $43,000 after buying an additional 1,377 shares in the last quarter. Caitlin John LLC acquired a new stake in shares of SiriusPoint in the third quarter valued at approximately $39,000. Leonteq Securities AG acquired a new stake in shares of SiriusPoint in the fourth quarter valued at approximately $136,000. Finally, Torren Management LLC acquired a new stake in shares of SiriusPoint in the fourth quarter valued at approximately $143,000. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Trading Up 1.1%

Shares of SPNT stock opened at $22.92 on Friday. The firm has a 50 day moving average price of $22.17 and a two-hundred day moving average price of $21.19. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $2.69 billion, a PE ratio of 5.70 and a beta of 0.66. SiriusPoint has a 12-month low of $17.17 and a 12-month high of $24.00.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.17. The firm had revenue of $774.60 million during the quarter, compared to the consensus estimate of $857.58 million. SiriusPoint had a net margin of 15.38% and a return on equity of 16.92%. As a group, analysts predict that SiriusPoint will post 2.56 earnings per share for the current year.

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.