SiriusPoint (NYSE:SPNT) Upgraded to Hold at Jefferies Financial Group

Jefferies Financial Group upgraded shares of SiriusPoint (NYSE:SPNT) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

SPNT has been the topic of several other reports. Raymond James Financial started coverage on shares of SiriusPoint in a research note on Friday, January 16th. They issued a “market perform” rating on the stock. Wall Street Zen cut shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Zacks Research lowered shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of SiriusPoint in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

SiriusPoint Trading Up 1.0%

NYSE SPNT opened at $20.49 on Wednesday. The firm has a market cap of $2.39 billion, a PE ratio of 12.89 and a beta of 0.68. SiriusPoint has a 1-year low of $13.26 and a 1-year high of $22.89. The stock has a 50-day moving average of $21.08 and a 200-day moving average of $19.60. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.34.

Institutional Investors Weigh In On SiriusPoint

A number of large investors have recently modified their holdings of SPNT. Vanguard Group Inc. raised its stake in SiriusPoint by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 12,126,635 shares of the company’s stock worth $265,452,000 after buying an additional 368,908 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of SiriusPoint by 17.5% during the 3rd quarter. Capital Research Global Investors now owns 6,700,000 shares of the company’s stock worth $121,203,000 after acquiring an additional 1,000,000 shares during the period. American Century Companies Inc. raised its position in shares of SiriusPoint by 17.5% in the 3rd quarter. American Century Companies Inc. now owns 5,745,793 shares of the company’s stock worth $103,941,000 after acquiring an additional 854,315 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of SiriusPoint by 20.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,312,811 shares of the company’s stock valued at $78,019,000 after purchasing an additional 736,823 shares during the period. Finally, State Street Corp boosted its position in shares of SiriusPoint by 2.5% during the second quarter. State Street Corp now owns 3,656,146 shares of the company’s stock valued at $74,549,000 after purchasing an additional 89,472 shares in the last quarter. 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.