SiriusPoint Ltd. (NYSE:SPNT) Receives Average Recommendation of “Hold” from Analysts

Shares of SiriusPoint Ltd. (NYSE:SPNT) have been given an average recommendation of “Hold” by the five analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $31.00.

A number of analysts have issued reports on the company. Weiss Ratings reissued a “buy (b+)” rating on shares of SiriusPoint in a research note on Friday, August 7th. Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” 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 report on Saturday, May 9th.

Hedge Funds Weigh In On SiriusPoint

Large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP boosted its holdings in shares of SiriusPoint by 2.0% in the 2nd quarter. Susquehanna International Group LLP now owns 46,476 shares of the company’s stock valued at $1,115,000 after purchasing an additional 895 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of SiriusPoint by 7.8% during the 2nd quarter. Wellington Management Group LLP now owns 3,342,706 shares of the company’s stock worth $80,225,000 after buying an additional 241,648 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of SiriusPoint in the 2nd quarter worth $13,566,000. Caitlin John LLC purchased a new position in shares of SiriusPoint in the 2nd quarter worth $52,000. Finally, Public Employees Retirement System of Ohio acquired a new position in SiriusPoint in the second quarter valued at $403,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

SPNT stock opened at $23.64 on Monday. SiriusPoint has a 52-week low of $17.17 and a 52-week high of $26.48. The stock’s fifty day simple moving average is $23.98 and its 200-day simple moving average is $22.64. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 5.77 and a beta of 0.61.

SiriusPoint (NYSE:SPNT) last released its earnings results on Thursday, July 30th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $744.10 million during the quarter, compared to analyst estimates of $798.95 million. SiriusPoint had a return on equity of 15.65% and a net margin of 15.56%. Equities research analysts expect that SiriusPoint will post 2.57 EPS 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.