SiriusPoint Ltd. (NYSE:SPNT) Short Interest Up 26.7% in February

SiriusPoint Ltd. (NYSE:SPNT) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 2,243,595 shares, a growth of 26.7% from the January 29th total of 1,770,541 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 654,630 shares, the short-interest ratio is currently 3.4 days. Based on an average daily volume of 654,630 shares, the short-interest ratio is currently 3.4 days. Approximately 2.1% of the company’s stock are short sold.

SiriusPoint Trading Up 0.9%

Shares of NYSE:SPNT opened at $21.23 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. SiriusPoint has a 52-week low of $14.05 and a 52-week high of $22.89. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 5.75 and a beta of 0.66. The business has a 50-day moving average price of $20.71 and a 200-day moving average price of $19.85.

SiriusPoint (NYSE:SPNT) last issued its earnings results on Wednesday, February 18th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.16. SiriusPoint had a return on equity of 15.90% and a net margin of 14.34%.The firm had revenue of $973.70 million for the quarter, compared to analyst estimates of $773.00 million.

Analyst Ratings Changes

SPNT has been the topic of several recent research reports. Zacks Research cut SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Weiss Ratings upgraded SiriusPoint from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, February 25th. Jefferies Financial Group raised SiriusPoint to a “hold” rating in a research report on Wednesday, February 4th. Wall Street Zen downgraded shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Raymond James Financial started coverage on shares of SiriusPoint in a research report on Friday, January 16th. They set a “market perform” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, SiriusPoint currently has a consensus rating of “Buy” and a consensus price target of $25.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optima Capital LLC acquired a new stake in SiriusPoint during the 4th quarter worth about $41,000. EverSource Wealth Advisors LLC boosted its stake in shares of SiriusPoint by 187.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $43,000 after buying an additional 1,377 shares during the last quarter. Caitlin John LLC acquired a new stake in SiriusPoint during the third quarter worth about $39,000. Leonteq Securities AG purchased a new position in SiriusPoint during the fourth quarter valued at approximately $136,000. Finally, Torren Management LLC acquired a new position in SiriusPoint in the fourth quarter valued at approximately $143,000. 52.79% of the stock is currently owned by institutional investors and hedge funds.

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.