SiriusPoint (NYSE:SPNT) Hits New 52-Week High – Should You Buy?

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

Analyst Upgrades and Downgrades

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

SiriusPoint Price Performance

The stock has a fifty day moving average of $23.02 and a two-hundred day moving average of $21.84. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 6.14 and a beta of 0.60. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.30.

SiriusPoint (NYSE:SPNT) last released its earnings results on Tuesday, March 31st. The company reported $0.70 EPS for the quarter. The company had revenue of $774.60 million during 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 Ltd. will post 2.57 earnings per share for the current year.

Institutional Trading of SiriusPoint

A number of institutional investors have recently added to or reduced their stakes in the stock. Optima Capital LLC acquired a new stake in shares of SiriusPoint during the 4th quarter valued at approximately $41,000. EverSource Wealth Advisors LLC grew its stake in 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 acquiring an additional 1,377 shares during the last quarter. Leonteq Securities AG purchased a new position in SiriusPoint during the 4th quarter valued at about $136,000. Torren Management LLC acquired a new position in SiriusPoint during the fourth quarter worth about $143,000. Finally, GAMMA Investing LLC lifted its holdings in shares of SiriusPoint by 46.5% in the fourth quarter. GAMMA Investing LLC now owns 7,413 shares of the company’s stock valued at $162,000 after purchasing an additional 2,352 shares in the last quarter. 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.