SiriusPoint Ltd. (NYSE:SPNT) Receives $25.00 Average PT from Brokerages

Shares of SiriusPoint Ltd. (NYSE:SPNT) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat reports. Three 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 twelve-month target price among brokers that have updated their coverage on the stock in the last year is $25.00.

SPNT has been the subject of several recent research reports. Jefferies Financial Group raised SiriusPoint to a “hold” rating in a report on Wednesday, February 4th. Wall Street Zen lowered SiriusPoint from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Zacks Research cut SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Raymond James Financial began coverage on SiriusPoint in a research note on Friday, January 16th. They issued a “market perform” rating for the company. Finally, Weiss Ratings lowered SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, March 19th.

Hedge Funds Weigh In On SiriusPoint

Institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in SiriusPoint by 223.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,086,688 shares of the company’s stock valued at $36,079,000 after purchasing an additional 1,440,836 shares during the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of SiriusPoint by 13.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 8,428,966 shares of the company’s stock worth $184,510,000 after buying an additional 1,026,284 shares during the last quarter. Capital Research Global Investors increased its holdings 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 buying an additional 1,000,000 shares during the last quarter. American Century Companies Inc. raised its position in shares of SiriusPoint by 17.5% during the 3rd quarter. American Century Companies Inc. now owns 5,745,793 shares of the company’s stock valued at $103,941,000 after buying an additional 854,315 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of SiriusPoint by 20.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,312,811 shares of the company’s stock valued at $78,019,000 after buying an additional 736,823 shares during the period. 52.79% of the stock is owned by hedge funds and other institutional investors.

SiriusPoint Stock Up 0.1%

Shares of NYSE SPNT opened at $20.83 on Friday. SiriusPoint has a 12-month low of $14.76 and a 12-month high of $22.89. The stock has a market cap of $2.44 billion, a PE ratio of 5.64 and a beta of 0.66. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $20.59 and a 200 day moving average of $20.11.

SiriusPoint (NYSE:SPNT) last released its earnings results 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. The business had revenue of $973.70 million for the quarter, compared to analyst estimates of $773.00 million. SiriusPoint had a net margin of 14.34% and a return on equity of 15.90%.

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.