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

SiriusPoint Ltd. (NYSE:SPNT) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $28.00.

Several research firms have recently weighed in on SPNT. B. Riley Financial began coverage on shares of SiriusPoint in a report on Friday, April 17th. They issued a “buy” rating and a $31.00 price target for the company. Jefferies Financial Group upgraded shares of SiriusPoint to a “hold” rating in a report on Wednesday, February 4th. Wall Street Zen cut shares of SiriusPoint from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research cut shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Weiss Ratings cut shares of SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, May 11th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC acquired a new position in SiriusPoint during the first quarter worth $292,000. EverSource Wealth Advisors LLC boosted its holdings in SiriusPoint by 51.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,704 shares of the company’s stock worth $80,000 after purchasing an additional 1,256 shares during the last quarter. Royal Bank of Canada boosted its holdings in SiriusPoint by 91.8% during the first quarter. Royal Bank of Canada now owns 16,858 shares of the company’s stock worth $363,000 after purchasing an additional 8,068 shares during the last quarter. Empowered Funds LLC boosted its holdings in SiriusPoint by 3.0% during the first quarter. Empowered Funds LLC now owns 549,993 shares of the company’s stock worth $11,847,000 after purchasing an additional 15,976 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in SiriusPoint by 50.7% during the first quarter. Quantinno Capital Management LP now owns 47,025 shares of the company’s stock worth $1,013,000 after purchasing an additional 15,817 shares during the last quarter. Institutional investors and hedge funds own 52.79% of the company’s stock.

SiriusPoint Stock Down 0.9%

Shares of NYSE:SPNT opened at $23.32 on Friday. The company has a market capitalization of $2.74 billion, a PE ratio of 5.80 and a beta of 0.66. SiriusPoint has a 52 week low of $17.17 and a 52 week high of $24.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60. The company has a 50 day moving average price of $22.45 and a two-hundred day moving average price of $21.38.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.70 earnings per share for the quarter. The company had revenue of $774.60 million during the quarter. SiriusPoint had a net margin of 15.38% and a return on equity of 16.92%. Analysts forecast that SiriusPoint will post 2.56 earnings per share for the current year.

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.