SiriusPoint Ltd. (NYSE:SPNT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of SiriusPoint Ltd. (NYSE:SPNT) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $28.00.

A number of research firms recently commented on SPNT. Zacks Research lowered shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. B. Riley Financial began 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. Weiss Ratings lowered shares of SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of SiriusPoint from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th.

SiriusPoint Price Performance

NYSE SPNT opened at $23.24 on Wednesday. SiriusPoint has a 12 month low of $17.17 and a 12 month high of $24.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $2.73 billion, a PE ratio of 5.78 and a beta of 0.61. The company’s 50 day simple moving average is $22.87 and its 200 day simple moving average is $21.66.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.70 EPS for the quarter. 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. As a group, equities research analysts forecast that SiriusPoint will post 2.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SPNT. Vanguard Group Inc. boosted its holdings in SiriusPoint by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 12,126,635 shares of the company’s stock worth $265,452,000 after buying an additional 368,908 shares in the last quarter. Donald Smith & CO. Inc. boosted its holdings in SiriusPoint by 13.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 8,428,966 shares of the company’s stock worth $184,510,000 after buying an additional 1,026,284 shares in the last quarter. Capital Research Global Investors boosted its holdings in SiriusPoint by 11.2% during the fourth quarter. Capital Research Global Investors now owns 7,447,968 shares of the company’s stock worth $163,036,000 after buying an additional 747,968 shares in the last quarter. American Century Companies Inc. boosted its holdings in SiriusPoint by 17.5% during the third quarter. American Century Companies Inc. now owns 5,745,793 shares of the company’s stock worth $103,941,000 after buying an additional 854,315 shares in the last quarter. Finally, State Street Corp boosted its holdings in SiriusPoint by 12.1% during the fourth quarter. State Street Corp now owns 4,325,405 shares of the company’s stock worth $94,683,000 after buying an additional 468,060 shares in the last quarter. Institutional investors and hedge funds own 52.79% of the company’s stock.

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.