SiriusPoint Ltd. (NYSE:SPNT) Receives Consensus Rating of “Moderate Buy” from Analysts

SiriusPoint Ltd. (NYSE:SPNT) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $28.00.

Several equities analysts recently commented on SPNT shares. Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings downgraded shares of SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Jefferies Financial Group upgraded shares of SiriusPoint to a “hold” rating in a research note on Wednesday, February 4th. B. Riley Financial started coverage on shares of SiriusPoint in a research note on Friday, April 17th. They set a “buy” rating and a $31.00 price objective on the stock. Finally, Wall Street Zen downgraded 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

Large investors have recently bought and sold shares of the company. CWA Asset Management Group LLC acquired a new stake in shares of SiriusPoint in the 4th quarter valued at approximately $1,135,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of SiriusPoint in the 3rd quarter valued at approximately $2,080,000. Horizon Investments LLC acquired a new stake in shares of SiriusPoint in the 4th quarter valued at approximately $1,296,000. Public Sector Pension Investment Board boosted its stake in shares of SiriusPoint by 44.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 453,443 shares of the company’s stock valued at $8,203,000 after purchasing an additional 139,290 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of SiriusPoint by 17.5% in the 3rd quarter. American Century Companies Inc. now owns 5,745,793 shares of the company’s stock valued at $103,941,000 after purchasing an additional 854,315 shares in the last quarter. 52.79% of the stock is currently owned by institutional investors and hedge funds.

SiriusPoint Trading Down 0.1%

SPNT stock opened at $23.66 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60. The company’s 50-day simple moving average is $22.34 and its 200 day simple moving average is $21.33. SiriusPoint has a 52 week low of $17.17 and a 52 week high of $24.32. The company has a market capitalization of $2.78 billion, a PE ratio of 5.89 and a beta of 0.66.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17. SiriusPoint had a net margin of 15.38% and a return on equity of 16.92%. The business had revenue of $774.60 million for the quarter, compared to the consensus estimate of $857.58 million. As a group, sell-side analysts anticipate that SiriusPoint will post 2.56 earnings per share for the current year.

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.