SiriusPoint (NYSE:SPNT) Announces Quarterly Earnings Results

SiriusPoint (NYSE:SPNT) posted its quarterly earnings data on Wednesday. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02, FiscalAI reports. The company had revenue of $744.10 million for the quarter, compared to the consensus estimate of $798.95 million. SiriusPoint had a return on equity of 16.92% and a net margin of 15.38%.

SiriusPoint Stock Performance

Shares of SiriusPoint stock traded down $0.48 during trading hours on Wednesday, reaching $25.83. The company’s stock had a trading volume of 929,573 shares, compared to its average volume of 718,290. SiriusPoint has a one year low of $17.17 and a one year high of $26.48. The company’s 50 day simple moving average is $23.54 and its 200 day simple moving average is $22.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $3.04 billion, a P/E ratio of 6.42 and a beta of 0.60.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On SiriusPoint

A number of large investors have recently bought and sold shares of SPNT. Corient Private Wealth LLC acquired a new position in SiriusPoint in the fourth quarter valued at approximately $232,000. State of Tennessee Department of Treasury raised its position in shares of SiriusPoint by 144.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 51,305 shares of the company’s stock worth $1,047,000 after purchasing an additional 30,348 shares during the period. Empowered Funds LLC lifted its holdings in shares of SiriusPoint by 4.5% in the 4th quarter. Empowered Funds LLC now owns 534,017 shares of the company’s stock worth $11,690,000 after purchasing an additional 22,843 shares during the last quarter. Inspire Investing LLC acquired a new position in SiriusPoint during the 4th quarter valued at approximately $185,000. Finally, Evolve Private Wealth LLC acquired a new position in SiriusPoint during the 4th quarter valued at approximately $574,000. 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.