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

SiriusPoint Ltd. (NYSE:SPNT) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned 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.

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

SiriusPoint Price Performance

Shares of SPNT stock opened at $22.22 on Wednesday. The firm has a market cap of $2.61 billion, a P/E ratio of 5.53 and a beta of 0.61. SiriusPoint has a fifty-two week low of $17.17 and a fifty-two week high of $24.32. The business’s 50 day moving average price is $22.71 and its 200-day moving average price is $21.56. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.70 earnings per share for the quarter. The firm had revenue of $774.60 million for the quarter. SiriusPoint had a return on equity of 16.92% and a net margin of 15.38%. On average, equities research analysts anticipate that SiriusPoint will post 2.57 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitlin John LLC purchased a new position in shares of SiriusPoint in the 3rd quarter valued at approximately $39,000. Optima Capital LLC purchased a new position in shares of SiriusPoint in the 4th quarter valued at approximately $41,000. EverSource Wealth Advisors LLC lifted its stake in shares of SiriusPoint by 187.1% in the 2nd 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 during the period. Leonteq Securities AG purchased a new position in shares of SiriusPoint in the 4th quarter valued at approximately $136,000. Finally, Torren Management LLC purchased a new position in shares of SiriusPoint in the 4th quarter valued at approximately $143,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.

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.