SiriusPoint Ltd. (NYSE:SPNT) Receives Consensus Recommendation of “Hold” from Brokerages

SiriusPoint Ltd. (NYSE:SPNT) has earned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $31.00.

A number of research firms have recently commented on SPNT. Wall Street Zen cut SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. B. Riley Financial started coverage on SiriusPoint in a report on Friday, April 17th. They issued a “buy” rating and a $31.00 price target for the company. Weiss Ratings downgraded SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Finally, Zacks Research lowered SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th.

Institutional Investors Weigh In On SiriusPoint

A number of institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC raised its position in SiriusPoint by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 19,954 shares of the company’s stock worth $437,000 after acquiring an additional 612 shares during the period. State of Alaska Department of Revenue lifted its holdings in SiriusPoint by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 58,362 shares of the company’s stock valued at $1,276,000 after purchasing an additional 649 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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 period. Sequoia Financial Advisors LLC grew its position in shares of SiriusPoint by 5.4% in 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. Finally, Natixis Advisors LLC increased its stake in shares of SiriusPoint by 7.2% during the fourth quarter. Natixis Advisors LLC now owns 13,592 shares of the company’s stock worth $298,000 after purchasing an additional 916 shares in the last quarter. Institutional investors and hedge funds own 52.79% of the company’s stock.

SiriusPoint Stock Performance

Shares of NYSE SPNT opened at $24.59 on Friday. The company’s fifty day moving average price is $23.02 and its 200 day moving average price is $21.85. SiriusPoint has a 1 year low of $17.17 and a 1 year high of $24.63. The company has a market capitalization of $2.89 billion, a PE ratio of 6.12 and a beta of 0.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.70 earnings per share for the quarter. The company had revenue of $774.60 million during the quarter. SiriusPoint had a net margin of 15.38% and a return on equity of 16.92%. On average, research analysts predict 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.