DOWLING & PARTN Weighs in on SiriusPoint FY2028 Earnings

SiriusPoint Ltd. (NYSE:SPNT) – Research analysts at DOWLING & PARTN issued their FY2028 earnings per share estimates for SiriusPoint in a note issued to investors on Friday, August 7th. DOWLING & PARTN analyst A. Mottolese forecasts that the company will post earnings of $3.00 per share for the year. The consensus estimate for SiriusPoint’s current full-year earnings is $2.57 per share.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. SiriusPoint had a return on equity of 15.65% and a net margin of 15.56%.The business had revenue of $744.10 million for the quarter, compared to analysts’ expectations of $798.95 million.

SPNT has been the subject of a number of other reports. Weiss Ratings restated a “buy (b+)” rating on shares of SiriusPoint in a research report on Friday. Wall Street Zen lowered shares of SiriusPoint from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, B. Riley Financial began coverage on shares of SiriusPoint in a research note on Friday, April 17th. They issued a “buy” rating and a $31.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $31.00.

SiriusPoint Stock Down 0.2%

SPNT stock opened at $22.64 on Wednesday. The stock has a 50-day simple moving average of $23.78 and a two-hundred day simple moving average of $22.44. SiriusPoint has a twelve month low of $17.17 and a twelve month high of $26.48. The firm has a market capitalization of $2.63 billion, a PE ratio of 5.52 and a beta of 0.61. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.30.

Hedge Funds Weigh In On SiriusPoint

A number of institutional investors have recently added to or reduced their stakes in SPNT. Optima Capital LLC purchased a new stake in shares of SiriusPoint in the 4th quarter valued at about $41,000. EverSource Wealth Advisors LLC grew its holdings in shares of SiriusPoint by 187.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $43,000 after purchasing an additional 1,377 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of SiriusPoint during the fourth quarter worth about $136,000. Torren Management LLC bought a new position in shares of SiriusPoint in the fourth quarter worth approximately $143,000. Finally, Inspire Investing LLC bought a new position in shares of SiriusPoint in the fourth quarter worth approximately $185,000. 52.79% of the stock is currently owned by institutional investors.

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.