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

Shares of SiriusPoint Ltd. (NYSE:SPNT) have earned an average recommendation of “Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $25.00.

A number of equities analysts recently commented on SPNT shares. Weiss Ratings restated a “buy (b)” rating on shares of SiriusPoint in a report on Wednesday, October 8th. B. Riley started coverage on SiriusPoint in a research note on Monday, July 21st. They issued a “buy” rating and a $33.00 price objective on the stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas increased its position in SiriusPoint by 56.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 34,646 shares of the company’s stock worth $627,000 after buying an additional 12,491 shares during the period. Strs Ohio boosted its position in shares of SiriusPoint by 10.6% in the third quarter. Strs Ohio now owns 47,800 shares of the company’s stock valued at $865,000 after acquiring an additional 4,600 shares during the period. Amalgamated Bank boosted its position in shares of SiriusPoint by 13.2% in the third quarter. Amalgamated Bank now owns 29,973 shares of the company’s stock valued at $542,000 after acquiring an additional 3,498 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of SiriusPoint by 12.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 23,416 shares of the company’s stock valued at $424,000 after acquiring an additional 2,500 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of SiriusPoint by 5.3% in the third quarter. State of Alaska Department of Revenue now owns 57,713 shares of the company’s stock valued at $1,043,000 after acquiring an additional 2,895 shares during the period. 52.79% of the stock is owned by institutional investors.

SiriusPoint Trading Down 0.7%

NYSE:SPNT opened at $18.12 on Tuesday. The stock’s 50 day moving average price is $18.33 and its 200 day moving average price is $18.65. SiriusPoint has a 52 week low of $12.78 and a 52 week high of $21.03. The company has a market capitalization of $2.12 billion, a P/E ratio of 20.36 and a beta of 0.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.60 and a current ratio of 0.60.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.21. SiriusPoint had a return on equity of 6.57% and a net margin of 4.38%.The firm had revenue of $874.40 million for the quarter, compared to the consensus estimate of $738.35 million.

About SiriusPoint

SiriusPoint Ltd. provides multi-line insurance and reinsurance products and services worldwide. The company operates through two segments, Reinsurance, and Insurance & Services. The Reinsurance segment provides aviation and space, accident and health, casualty, credit, marine and energy, property to insurance and reinsurance companies, government entities, and other risk bearing vehicles.