SiriusPoint Ltd. (NYSE:SPNT) Short Interest Update

SiriusPoint Ltd. (NYSE:SPNT) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 2,243,595 shares, a growth of 26.7% from the January 29th total of 1,770,541 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average trading volume of 654,630 shares, the short-interest ratio is currently 3.4 days. Based on an average trading volume of 654,630 shares, the short-interest ratio is currently 3.4 days. Approximately 2.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SPNT. Weiss Ratings raised shares of SiriusPoint from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, February 25th. Raymond James Financial started coverage on shares of SiriusPoint in a report on Friday, January 16th. They issued a “market perform” rating for the company. Jefferies Financial Group upgraded shares of SiriusPoint to a “hold” rating in a research note on Wednesday, February 4th. Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Wall Street Zen lowered shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $25.00.

Institutional Trading of SiriusPoint

Several institutional investors have recently modified their holdings of the company. Caitlin John LLC bought a new position in SiriusPoint during the third quarter valued at about $39,000. Optima Capital LLC acquired a new stake in SiriusPoint in the 4th quarter valued at about $41,000. EverSource Wealth Advisors LLC boosted its position in shares of SiriusPoint by 187.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock valued at $43,000 after purchasing an additional 1,377 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of SiriusPoint in the 4th quarter worth approximately $136,000. Finally, Torren Management LLC bought a new stake in shares of SiriusPoint in the 4th quarter worth approximately $143,000. Institutional investors and hedge funds own 52.79% of the company’s stock.

SiriusPoint Price Performance

SiriusPoint stock traded up $0.20 during trading hours on Wednesday, hitting $21.23. 842,133 shares of the company traded hands, compared to its average volume of 636,589. SiriusPoint has a 1-year low of $14.05 and a 1-year high of $22.89. The firm has a market cap of $2.48 billion, a P/E ratio of 5.75 and a beta of 0.66. The firm’s 50-day simple moving average is $20.71 and its two-hundred day simple moving average is $19.85. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.16. SiriusPoint had a net margin of 14.34% and a return on equity of 15.90%. The business had revenue of $973.70 million during the quarter, compared to analysts’ expectations of $773.00 million.

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.