SiriusPoint (NYSE:SPNT) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of SiriusPoint (NYSE:SPNT) to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

SPNT has been the subject of a number of other research reports. Zacks Research lowered SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Raymond James Financial began coverage on shares of SiriusPoint in a report on Friday, January 16th. They issued a “market perform” rating for the company. Wall Street Zen cut shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of SiriusPoint in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, SiriusPoint currently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

SiriusPoint Stock Up 1.5%

Shares of NYSE:SPNT opened at $20.79 on Wednesday. The stock’s 50-day moving average is $21.08 and its 200 day moving average is $19.61. The company has a market cap of $2.43 billion, a PE ratio of 13.08 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.57 and a quick ratio of 0.57. SiriusPoint has a 1 year low of $13.26 and a 1 year high of $22.89.

Institutional Investors Weigh In On SiriusPoint

Several hedge funds have recently bought and sold shares of SPNT. Los Angeles Capital Management LLC purchased a new position in SiriusPoint during the second quarter valued at $270,000. Exchange Traded Concepts LLC bought a new position in SiriusPoint in the 3rd quarter worth approximately $1,934,000. Campbell & CO Investment Adviser LLC boosted its position in shares of SiriusPoint by 124.3% during the second quarter. Campbell & CO Investment Adviser LLC now owns 46,139 shares of the company’s stock worth $941,000 after acquiring an additional 25,567 shares during the last quarter. Federated Hermes Inc. lifted its stake in SiriusPoint by 45.0% in the 2nd quarter. Federated Hermes Inc. now owns 600,985 shares of the company’s stock worth $12,254,000 after purchasing an additional 186,493 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of SiriusPoint by 80.0% in the second quarter. Franklin Resources Inc. now owns 72,316 shares of the company’s stock worth $1,475,000 after buying an additional 32,130 shares in the last quarter. Institutional investors own 52.79% of the company’s stock.

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.