SiriusPoint Ltd. (NYSE:SPNT) Receives Consensus Recommendation of “Buy” from Analysts

SiriusPoint Ltd. (NYSE:SPNT) has been given a consensus recommendation of “Buy” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $25.00.

SPNT has been the topic of several analyst reports. Wall Street Zen raised shares of SiriusPoint from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Zacks Research lowered SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of SiriusPoint in a research report on Monday, December 29th.

SiriusPoint Price Performance

Shares of SPNT opened at $20.10 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.34. SiriusPoint has a twelve month low of $13.26 and a twelve month high of $22.89. The stock has a market capitalization of $2.35 billion, a P/E ratio of 12.64 and a beta of 0.69. The company has a 50 day moving average of $21.04 and a 200-day moving average of $19.50.

SiriusPoint (NYSE:SPNT) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.21. The business had revenue of $755.90 million for the quarter, compared to analyst estimates of $738.35 million. SiriusPoint had a net margin of 6.97% and a return on equity of 11.31%.

Hedge Funds Weigh In On SiriusPoint

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in SiriusPoint by 4.7% during the third quarter. Vanguard Group Inc. now owns 11,757,727 shares of the company’s stock worth $212,697,000 after buying an additional 522,532 shares during the last quarter. Capital Research Global Investors increased its stake in shares of SiriusPoint by 17.5% during the 3rd quarter. Capital Research Global Investors now owns 6,700,000 shares of the company’s stock worth $121,203,000 after purchasing an additional 1,000,000 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of SiriusPoint by 17.5% in the 3rd quarter. American Century Companies Inc. now owns 5,745,793 shares of the company’s stock valued at $103,941,000 after purchasing an additional 854,315 shares during the period. Victory Capital Management Inc. raised its holdings in shares of SiriusPoint by 20.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,312,811 shares of the company’s stock valued at $78,019,000 after purchasing an additional 736,823 shares during the period. Finally, State Street Corp lifted its stake in SiriusPoint by 2.5% in the 2nd quarter. State Street Corp now owns 3,656,146 shares of the company’s stock valued at $74,549,000 after purchasing an additional 89,472 shares during the last quarter. 52.79% of the stock is owned by institutional investors.

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.