SiriusPoint (NYSE:SPNT) Sets New 12-Month High – Still a Buy?

SiriusPoint Ltd. (NYSE:SPNT) shares hit a new 52-week high during trading on Monday . The stock traded as high as $24.36 and last traded at $24.05, with a volume of 477677 shares trading hands. The stock had previously closed at $23.85.

Analyst Ratings Changes

Several research firms have recently weighed in on SPNT. Weiss Ratings cut SiriusPoint from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Zacks Research cut SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. B. Riley Financial began coverage on SiriusPoint in a report on Friday, April 17th. They issued a “buy” rating and a $31.00 price objective for the company. Finally, Wall Street Zen lowered SiriusPoint from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.00.

SiriusPoint Stock Up 0.8%

The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.83 billion, a PE ratio of 5.98 and a beta of 0.62. The company’s fifty day moving average is $22.92 and its 200-day moving average is $21.77.

SiriusPoint (NYSE:SPNT) last announced its earnings results on Tuesday, March 31st. The company reported $0.70 earnings per share for the quarter. The business had revenue of $774.60 million during the quarter. SiriusPoint had a net margin of 15.38% and a return on equity of 16.92%. On average, analysts predict that SiriusPoint Ltd. will post 2.57 EPS for the current year.

Institutional Trading of SiriusPoint

A number of hedge funds have recently bought and sold shares of the company. Caitlin John LLC purchased a new position in SiriusPoint in the third quarter worth about $39,000. Optima Capital LLC purchased a new stake in shares of SiriusPoint during the 4th quarter valued at about $41,000. EverSource Wealth Advisors LLC lifted its stake in shares of SiriusPoint by 187.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $43,000 after purchasing an additional 1,377 shares during the period. Leonteq Securities AG purchased a new position in shares of SiriusPoint in the fourth quarter worth approximately $136,000. Finally, Torren Management LLC purchased a new position in shares of SiriusPoint in the fourth quarter worth approximately $143,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.

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.