SiriusPoint (NYSE:SPNT) Issues Quarterly Earnings Results, Beats Estimates By $0.18 EPS

SiriusPoint (NYSE:SPNT) released its earnings results on Wednesday. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18, FiscalAI reports. SiriusPoint had a net margin of 6.97% and a return on equity of 11.31%. The business had revenue of $973.70 million during the quarter, compared to the consensus estimate of $773.00 million.

SiriusPoint Stock Performance

SPNT stock traded down $0.37 during midday trading on Wednesday, reaching $20.62. 573,123 shares of the company were exchanged, compared to its average volume of 612,009. SiriusPoint has a one year low of $13.26 and a one year high of $22.89. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 12.97 and a beta of 0.68. The business has a 50-day moving average price of $20.94 and a two-hundred day moving average price of $19.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.57 and a quick ratio of 0.57.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SPNT. Zacks Research cut SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Jefferies Financial Group upgraded SiriusPoint to a “hold” rating in a research note on Wednesday, February 4th. Wall Street Zen lowered SiriusPoint from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Raymond James Financial assumed coverage on SiriusPoint in a research note on Friday, January 16th. They set a “market perform” rating on the stock. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of SiriusPoint in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, SiriusPoint presently has an average rating of “Moderate Buy” and an average price target of $25.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPNT. Goldman Sachs Group Inc. boosted its holdings in shares of SiriusPoint by 223.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,086,688 shares of the company’s stock worth $36,079,000 after acquiring an additional 1,440,836 shares during the period. Millennium Management LLC boosted its stake in SiriusPoint by 3,428.3% in the 3rd quarter. Millennium Management LLC now owns 584,318 shares of the company’s stock valued at $10,570,000 after purchasing an additional 567,757 shares during the period. Qube Research & Technologies Ltd grew its holdings in SiriusPoint by 2,183.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 515,464 shares of the company’s stock valued at $9,325,000 after buying an additional 492,894 shares in the last quarter. State Street Corp increased its position in SiriusPoint by 12.1% during the 4th quarter. State Street Corp now owns 4,325,405 shares of the company’s stock worth $94,683,000 after buying an additional 468,060 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of SiriusPoint by 74.3% during the fourth quarter. Federated Hermes Inc. now owns 1,069,151 shares of the company’s stock worth $23,404,000 after buying an additional 455,619 shares in 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.