SiriusPoint Ltd. (NYSE:SPNT) Receives Consensus Rating of “Hold” from Analysts

SiriusPoint Ltd. (NYSE:SPNT) has earned an average recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $31.00.

SPNT has been the subject of several research analyst reports. Zacks Research lowered SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of SiriusPoint from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of SiriusPoint in a report on Friday, August 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SPNT. ProShare Advisors LLC increased its stake in shares of SiriusPoint by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 19,954 shares of the company’s stock worth $437,000 after purchasing an additional 612 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in SiriusPoint by 50.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,448 shares of the company’s stock valued at $54,000 after purchasing an additional 823 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in SiriusPoint by 5.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 16,994 shares of the company’s stock valued at $372,000 after purchasing an additional 873 shares during the period. Susquehanna International Group LLP increased its position in SiriusPoint by 2.0% in the second quarter. Susquehanna International Group LLP now owns 46,476 shares of the company’s stock worth $1,115,000 after buying an additional 895 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in SiriusPoint by 7.2% in the fourth quarter. Natixis Advisors LLC now owns 13,592 shares of the company’s stock worth $298,000 after buying an additional 916 shares during the last quarter. 52.79% of the stock is owned by institutional investors.

SiriusPoint Stock Performance

SPNT stock opened at $24.22 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.81 billion, a PE ratio of 5.91 and a beta of 0.61. The business has a 50 day moving average of $24.08 and a 200-day moving average of $22.75. SiriusPoint has a 12-month low of $17.17 and a 12-month high of $26.48.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. SiriusPoint had a return on equity of 15.65% and a net margin of 15.56%.The business had revenue of $744.10 million for the quarter, compared to analyst estimates of $798.95 million. As a group, sell-side analysts expect that SiriusPoint will post 2.57 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.