Analysts Set SiriusPoint Ltd. (NYSE:SPNT) Target Price at $25.00

SiriusPoint Ltd. (NYSE:SPNT) has been given an average rating of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $25.00.

A number of research firms have recently commented on SPNT. Zacks Research cut SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Wall Street Zen lowered SiriusPoint from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings raised SiriusPoint from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, February 25th. Jefferies Financial Group upgraded SiriusPoint to a “hold” rating in a research note on Wednesday, February 4th. Finally, Raymond James Financial started coverage on SiriusPoint in a research report on Friday, January 16th. They set a “market perform” rating for the company.

Institutional Investors Weigh In On SiriusPoint

Several large investors have recently added to or reduced their stakes in the stock. Caitlin John LLC purchased a new position in shares of SiriusPoint during the third quarter worth approximately $39,000. Optima Capital LLC bought a new position in SiriusPoint in the fourth quarter worth approximately $41,000. EverSource Wealth Advisors LLC increased its holdings in SiriusPoint by 187.1% during the 2nd 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 during the period. Leonteq Securities AG purchased a new position in SiriusPoint during the 4th quarter worth $136,000. Finally, Torren Management LLC bought a new stake in SiriusPoint during the 4th quarter valued at $143,000. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Trading Down 0.8%

Shares of SPNT opened at $20.93 on Monday. The company’s fifty day simple moving average is $20.65 and its 200-day simple moving average is $19.88. The company has a market cap of $2.45 billion, a P/E ratio of 5.67 and a beta of 0.66. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. SiriusPoint has a twelve month low of $14.05 and a twelve month high of $22.89.

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

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.