SiriusPoint (NYSE:SPNT – Get Free Report) posted its earnings results on Thursday. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.24, FiscalAI reports. The business had revenue of $867.60 million for the quarter, compared to analyst estimates of $740.99 million. SiriusPoint had a net margin of 15.56% and a return on equity of 15.65%.
SiriusPoint Price Performance
NYSE:SPNT opened at $26.94 on Friday. The firm has a market cap of $3.13 billion, a PE ratio of 6.44 and a beta of 0.60. SiriusPoint has a 12 month low of $19.15 and a 12 month high of $26.91. The company’s 50-day moving average price is $25.01 and its two-hundred day moving average price is $23.12. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.30.
Analysts Set New Price Targets
SPNT has been the topic of a number of recent analyst reports. Weiss Ratings upgraded SiriusPoint from a “buy (a-)” rating to a “buy (a)” rating in a research note on Tuesday, October 27th. Royal Bank Of Canada started coverage on shares of SiriusPoint in a research note on Tuesday, September 22nd. They set an “outperform” rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.50.
Check Out Our Latest Stock Report on SiriusPoint
SiriusPoint Company Profile
SiriusPoint Ltd. (NYSE: SPNT) is a global specialty insurance and reinsurance company headquartered in Bermuda. The company provides underwriting solutions to businesses, insurers and other organizations through a combination of insurance and reinsurance operations.
Its offerings include property and casualty coverage, specialty insurance, accident and health products, and reinsurance. SiriusPoint serves clients through underwriting platforms and subsidiaries in key insurance markets, including Bermuda, the United States, the United Kingdom and other international jurisdictions.
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