SiriusPoint (NYSE:SPNT) Sets New 12-Month High – Here’s Why

SiriusPoint Ltd. (NYSE:SPNT) hit a new 52-week high during trading on Monday . The company traded as high as $24.63 and last traded at $24.53, with a volume of 181 shares trading hands. The stock had previously closed at $24.63.

Wall Street Analysts Forecast Growth

SPNT has been the subject of a number of research reports. Wall Street Zen cut shares of SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. B. Riley Financial assumed coverage on shares of SiriusPoint in a research report on Friday, April 17th. They issued a “buy” rating and a $31.00 price target on the stock. Weiss Ratings cut shares of SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Finally, Zacks Research downgraded SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.00.

SiriusPoint Stock Performance

The company has a market capitalization of $2.88 billion, a PE ratio of 6.09 and a beta of 0.60. The stock’s fifty day simple moving average is $23.05 and its 200-day simple moving average is $21.88. 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 results 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 during the quarter. As a group, equities analysts predict that SiriusPoint Ltd. will post 2.57 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Optima Capital LLC purchased a new stake in shares of SiriusPoint in the fourth quarter valued at $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 worth $43,000 after buying an additional 1,377 shares during the period. Leonteq Securities AG acquired a new stake in SiriusPoint in the 4th quarter worth about $136,000. Torren Management LLC purchased a new stake in SiriusPoint in the 4th quarter valued at about $143,000. Finally, GAMMA Investing LLC grew its holdings in SiriusPoint by 46.5% in the 4th 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. Hedge funds and other institutional investors 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.