SiriusPoint (NYSE:SPNT) Releases Earnings Results, Beats Estimates By $0.24 EPS

SiriusPoint (NYSE:SPNT) posted its quarterly earnings results on Thursday. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.24, FiscalAI reports. SiriusPoint had a net margin of 15.56% and a return on equity of 15.65%. The business had revenue of $867.60 million during the quarter, compared to analyst estimates of $740.99 million.

SiriusPoint Stock Performance

Shares of SiriusPoint stock opened at $26.26 on Friday. The company has a market cap of $3.05 billion, a PE ratio of 6.39 and a beta of 0.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.58. The business has a 50-day simple moving average of $25.05 and a 200-day simple moving average of $23.15. SiriusPoint has a one year low of $19.15 and a one year high of $27.12.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SPNT shares. Weiss Ratings upgraded SiriusPoint from a “buy (a-)” rating to a “buy (a)” rating in a research report on Tuesday, October 27th. Royal Bank Of Canada initiated coverage on shares of SiriusPoint in a research note on Tuesday, September 22nd. They issued an “outperform” rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.50.

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.