SiriusPoint Ltd. (NYSE:SPNT) Receives Average Recommendation of “Moderate Buy” from Brokerages

SiriusPoint Ltd. (NYSE:SPNT) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $25.00.

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research cut shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of SiriusPoint in a research report on Monday, December 29th. Finally, Raymond James Financial started coverage on shares of SiriusPoint in a research note on Friday. They set a “market perform” rating for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its stake in shares of SiriusPoint by 5.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 112,580 shares of the company’s stock valued at $2,464,000 after purchasing an additional 5,652 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of SiriusPoint in the fourth quarter worth approximately $1,135,000. GAMMA Investing LLC grew its position in SiriusPoint by 46.5% during the fourth quarter. GAMMA Investing LLC now owns 7,413 shares of the company’s stock valued at $162,000 after buying an additional 2,352 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in SiriusPoint during the third quarter valued at approximately $198,000. Finally, Harvest Investment Services LLC raised its position in SiriusPoint by 168.9% in the third quarter. Harvest Investment Services LLC now owns 225,085 shares of the company’s stock worth $4,072,000 after acquiring an additional 141,393 shares during the period. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Trading Down 1.9%

NYSE SPNT opened at $20.01 on Friday. SiriusPoint has a 12 month low of $13.26 and a 12 month high of $22.89. The stock has a market cap of $2.34 billion, a P/E ratio of 12.59 and a beta of 0.69. The stock’s fifty day moving average price is $21.13 and its 200-day moving average price is $19.50. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.34.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.21. The firm had revenue of $755.90 million during the quarter, compared to analyst estimates of $738.35 million. SiriusPoint had a return on equity of 11.31% and a net margin of 6.97%.

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.