SiriusPoint Ltd. (NYSE:SPNT) Given Average Rating of “Moderate Buy” by Brokerages

SiriusPoint Ltd. (NYSE:SPNT) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $25.00.

SPNT has been the subject of several analyst reports. Weiss Ratings restated a “buy (b+)” rating on shares of SiriusPoint in a report on Monday, December 29th. Raymond James Financial initiated coverage on SiriusPoint in a research report on Friday, January 16th. They set a “market perform” rating for the company. Zacks Research lowered SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Wall Street Zen cut SiriusPoint from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th.

Institutional Trading of SiriusPoint

A number of large investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new position in shares of SiriusPoint in the second quarter valued at $270,000. Exchange Traded Concepts LLC bought a new stake in shares of SiriusPoint during the 3rd quarter worth about $1,934,000. Campbell & CO Investment Adviser LLC grew its stake in SiriusPoint by 124.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 46,139 shares of the company’s stock valued at $941,000 after buying an additional 25,567 shares during the last quarter. Federated Hermes Inc. grew its stake in SiriusPoint by 45.0% in the 2nd quarter. Federated Hermes Inc. now owns 600,985 shares of the company’s stock valued at $12,254,000 after buying an additional 186,493 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in SiriusPoint by 80.0% in the 2nd quarter. Franklin Resources Inc. now owns 72,316 shares of the company’s stock valued at $1,475,000 after acquiring an additional 32,130 shares during the period. Institutional investors and hedge funds own 52.79% of the company’s stock.

SiriusPoint Stock Performance

Shares of SPNT opened at $20.29 on Thursday. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 12.76 and a beta of 0.68. SiriusPoint has a 12 month low of $13.26 and a 12 month high of $22.89. The firm has a fifty day simple moving average of $21.09 and a 200 day simple moving average of $19.59. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.34.

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.