SiriusPoint (NYSE:SPNT) Reaches New 1-Year High – What’s Next?

SiriusPoint Ltd. (NYSE:SPNT) hit a new 52-week high on Monday . The stock traded as high as $24.00 and last traded at $23.7580, with a volume of 98553 shares. The stock had previously closed at $23.45.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SPNT. Zacks Research cut SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wall Street Zen cut SiriusPoint from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday. Raymond James Financial began coverage on SiriusPoint in a research note on Friday, January 16th. They issued a “market perform” rating for the company. Finally, Jefferies Financial Group upgraded SiriusPoint to a “hold” rating in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $28.00.

SiriusPoint Stock Performance

The firm has a 50-day moving average of $22.08 and a two-hundred day moving average of $21.12. 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 $2.64 billion, a PE ratio of 5.58 and a beta of 0.66.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. The company had revenue of $774.60 million during the quarter, compared to analysts’ expectations of $857.58 million. SiriusPoint had a return on equity of 16.92% and a net margin of 15.38%. Research analysts anticipate that SiriusPoint Ltd. will post 2.57 EPS for the current year.

Institutional Inflows and Outflows

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

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.