Analysts Set SiriusPoint Ltd. (NYSE:SPNT) PT at $25.00

Shares of SiriusPoint Ltd. (NYSE:SPNT) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $25.00.

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings cut SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, March 19th. Jefferies Financial Group upgraded SiriusPoint to a “hold” rating in a research note on Wednesday, February 4th. Raymond James Financial started coverage on SiriusPoint in a research note on Friday, January 16th. They set a “market perform” rating for the company. Finally, Zacks Research cut SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st.

SiriusPoint Price Performance

SiriusPoint stock opened at $21.52 on Friday. The stock has a market capitalization of $2.52 billion, a P/E ratio of 5.83 and a beta of 0.66. The company’s fifty day moving average price is $20.65 and its 200 day moving average price is $20.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. SiriusPoint has a 1 year low of $14.76 and a 1 year high of $22.89.

SiriusPoint (NYSE:SPNT) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.16. SiriusPoint had a net margin of 14.34% and a return on equity of 15.90%. The company had revenue of $973.70 million during the quarter, compared to analysts’ expectations of $773.00 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SPNT. Caitlin John LLC purchased a new position in SiriusPoint in the 3rd quarter valued at $39,000. Optima Capital LLC purchased a new stake in shares of SiriusPoint during the fourth quarter worth $41,000. EverSource Wealth Advisors LLC grew its holdings in shares of SiriusPoint by 187.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $43,000 after buying an additional 1,377 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of SiriusPoint in the fourth quarter valued at about $136,000. Finally, Torren Management LLC acquired a new stake in shares of SiriusPoint in the fourth quarter valued at about $143,000. 52.79% of the stock is owned by institutional investors and hedge funds.

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.