SiriusPoint Ltd. (NYSE:SPNT) Given Average Recommendation of “Hold” by Analysts

Shares of SiriusPoint Ltd. (NYSE:SPNT) have received an average recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $31.00.

A number of equities research analysts recently commented on the company. Weiss Ratings lowered SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. B. Riley Financial began coverage on shares of SiriusPoint in a research report on Friday, April 17th. They set a “buy” rating and a $31.00 price target for the company. Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Wall Street Zen lowered shares of SiriusPoint from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th.

Institutional Investors Weigh In On SiriusPoint

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of SiriusPoint by 20.1% in the 1st quarter. Royal Bank of Canada now owns 17,589 shares of the company’s stock valued at $304,000 after buying an additional 2,949 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in SiriusPoint by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,933 shares of the company’s stock worth $967,000 after acquiring an additional 2,480 shares during the period. Goldman Sachs Group Inc. raised its position in SiriusPoint by 223.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,086,688 shares of the company’s stock valued at $36,079,000 after acquiring an additional 1,440,836 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in SiriusPoint by 15.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 228,874 shares of the company’s stock valued at $3,957,000 after acquiring an additional 30,022 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in SiriusPoint by 281.2% in the first quarter. Jane Street Group LLC now owns 236,222 shares of the company’s stock valued at $4,084,000 after acquiring an additional 174,246 shares during the period. 52.79% of the stock is owned by institutional investors and hedge funds.

SiriusPoint Price Performance

NYSE SPNT opened at $24.59 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s fifty day moving average price is $23.02 and its 200 day moving average price is $21.85. SiriusPoint has a 1 year low of $17.17 and a 1 year high of $24.63. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 6.12 and a beta of 0.60.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.70 EPS for the quarter. The company had revenue of $774.60 million during the quarter. SiriusPoint had a return on equity of 16.92% and a net margin of 15.38%. As a group, equities research analysts forecast that SiriusPoint will post 2.57 earnings per share for the current year.

About SiriusPoint

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.