SiriusPoint Ltd. (NYSE:SPNT) Receives $31.00 Consensus Price Target from Brokerages

SiriusPoint Ltd. (NYSE:SPNT) has earned a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $31.00.

A number of analysts have weighed in on the company. Zacks Research lowered SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Wall Street Zen lowered SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Finally, B. Riley Financial began coverage on SiriusPoint in a research report on Friday, April 17th. They set a “buy” rating and a $31.00 price objective on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Optima Capital LLC purchased a new stake in SiriusPoint during the fourth quarter valued at approximately $41,000. EverSource Wealth Advisors LLC lifted its holdings in shares of SiriusPoint by 187.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock valued at $43,000 after purchasing an additional 1,377 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of SiriusPoint during the 4th quarter valued at $136,000. Torren Management LLC acquired a new stake in shares of SiriusPoint in the 4th quarter worth $143,000. Finally, Inspire Investing LLC acquired a new stake in shares of SiriusPoint in the 4th quarter worth $185,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.

SiriusPoint Price Performance

Shares of SPNT opened at $23.65 on Thursday. The company has a 50 day moving average price of $23.60 and a 200-day moving average price of $22.31. SiriusPoint has a fifty-two week low of $17.17 and a fifty-two week high of $26.48. The stock has a market capitalization of $2.75 billion, a PE ratio of 5.77 and a beta of 0.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.58.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $744.10 million for the quarter, compared to analyst estimates of $798.95 million. SiriusPoint had a net margin of 15.56% and a return on equity of 16.28%. Equities analysts predict that SiriusPoint will post 2.57 earnings per share for the current fiscal year.

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.