SiriusPoint Ltd. (NYSE:SPNT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of SiriusPoint Ltd. (NYSE:SPNT) have earned an average rating of “Hold” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $31.00.

A number of analysts recently commented on SPNT shares. Weiss Ratings cut SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Zacks Research downgraded SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, B. Riley Financial started coverage on shares of SiriusPoint in a research note on Friday, April 17th. They issued a “buy” rating and a $31.00 price objective on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Optima Capital LLC purchased a new stake in shares of SiriusPoint in the 4th quarter worth $41,000. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 1,377 shares in the last quarter. Leonteq Securities AG bought a new stake in SiriusPoint during the fourth quarter valued at about $136,000. Torren Management LLC bought a new stake in SiriusPoint during the fourth quarter valued at about $143,000. Finally, GAMMA Investing LLC increased its position in SiriusPoint by 46.5% in the fourth quarter. GAMMA Investing LLC now owns 7,413 shares of the company’s stock worth $162,000 after buying an additional 2,352 shares in the last quarter. 52.79% of the stock is currently owned by institutional investors.

SiriusPoint Stock Performance

NYSE:SPNT traded up $0.23 during trading hours on Friday, reaching $24.64. The company had a trading volume of 599,104 shares, compared to its average volume of 880,408. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.30. SiriusPoint has a 52 week low of $17.17 and a 52 week high of $25.00. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 6.13 and a beta of 0.60. The firm’s 50 day moving average price is $23.11 and its 200-day moving average price is $21.93.

SiriusPoint (NYSE:SPNT) last announced its earnings results on Tuesday, March 31st. The company reported $0.70 earnings per share for the quarter. The business had revenue of $774.60 million during the quarter. SiriusPoint had a net margin of 15.38% and a return on equity of 16.92%. On average, analysts forecast that SiriusPoint will post 2.57 EPS for the current year.

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.