SiriusPoint Ltd. (NYSE:SPNT) Receives Consensus Recommendation of “Hold” from Analysts

SiriusPoint Ltd. (NYSE:SPNT) has received a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $31.00.

Several equities research analysts have weighed in on the company. Wall Street Zen cut SiriusPoint from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “buy (b+)” rating on shares of SiriusPoint in a report on Friday, August 7th. Finally, Zacks Research downgraded SiriusPoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in SiriusPoint in the second quarter valued at $271,853,000. Donald Smith & CO. Inc. acquired a new position in shares of SiriusPoint in the 2nd quarter valued at about $147,941,000. California State Teachers Retirement System boosted its position in shares of SiriusPoint by 2,796.2% during the 2nd quarter. California State Teachers Retirement System now owns 2,863,896 shares of the company’s stock valued at $68,734,000 after purchasing an additional 2,765,011 shares in the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in SiriusPoint during the second quarter worth approximately $36,047,000. Finally, Goldman Sachs Group Inc. grew its stake in 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 purchasing an additional 1,440,836 shares during the period. 52.79% of the stock is currently owned by institutional investors.

SiriusPoint Stock Up 0.2%

NYSE SPNT opened at $24.22 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. SiriusPoint has a 1-year low of $17.17 and a 1-year high of $26.48. The company has a 50 day moving average of $24.08 and a 200-day moving average of $22.77. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 5.91 and a beta of 0.61.

SiriusPoint (NYSE:SPNT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. SiriusPoint had a return on equity of 15.65% and a net margin of 15.56%.The business had revenue of $744.10 million for the quarter, compared to the consensus estimate of $798.95 million. On average, equities research analysts expect that SiriusPoint will post 2.57 earnings per share for the current fiscal year.

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.