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

SiriusPoint Ltd. (NYSE:SPNT) has earned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $25.00.

Several brokerages have recently commented on SPNT. Zacks Research lowered shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings reissued a “buy (b+)” rating on shares of SiriusPoint in a research report on Monday, December 29th. Wall Street Zen cut SiriusPoint from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Jefferies Financial Group upgraded SiriusPoint to a “hold” rating in a research note on Wednesday. Finally, Raymond James Financial initiated coverage on SiriusPoint in a research note on Friday, January 16th. They issued a “market perform” rating on the stock.

SiriusPoint Trading Up 1.5%

Shares of NYSE SPNT opened at $20.79 on Thursday. The business has a 50 day simple moving average of $21.08 and a 200 day simple moving average of $19.61. SiriusPoint has a 52 week low of $13.26 and a 52 week high of $22.89. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 13.08 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.57 and a current ratio of 0.57.

Institutional Trading of SiriusPoint

Several large investors have recently modified their holdings of SPNT. EverSource Wealth Advisors LLC grew its stake in SiriusPoint by 50.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,448 shares of the company’s stock valued at $54,000 after buying an additional 823 shares during the last quarter. Legato Capital Management LLC bought a new stake in SiriusPoint during the fourth quarter valued at about $505,000. Leonteq Securities AG acquired a new stake in shares of SiriusPoint in the fourth quarter valued at about $136,000. ProShare Advisors LLC increased its stake in shares of SiriusPoint by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 19,954 shares of the company’s stock worth $437,000 after purchasing an additional 612 shares during the period. Finally, Swiss Life Asset Management Ltd acquired a new position in shares of SiriusPoint during the 4th quarter worth about $269,000. 52.79% of the stock is owned by institutional investors.

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.