SiriusPoint (NYSE:SPNT) Hits New 12-Month High – Should You Buy?

SiriusPoint Ltd. (NYSE:SPNT)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $22.89 and last traded at $22.77, with a volume of 56697 shares trading hands. The stock had previously closed at $22.63.

Analysts Set New Price Targets

Several brokerages have issued reports on SPNT. Wall Street Zen raised shares of SiriusPoint from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Zacks Research raised SiriusPoint from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of SiriusPoint in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, SiriusPoint has a consensus rating of “Buy” and a consensus price target of $25.00.

SiriusPoint Price Performance

The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $20.25 and its two-hundred day moving average price is $19.33. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 14.25 and a beta of 0.68.

SiriusPoint (NYSE:SPNT) last issued its earnings results on Thursday, October 30th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.21. The company had revenue of $755.90 million for the quarter, compared to analyst estimates of $738.35 million. SiriusPoint had a return on equity of 11.31% and a net margin of 6.97%.

Institutional Investors Weigh In On SiriusPoint

Several institutional investors and hedge funds have recently modified their holdings of SPNT. Vanguard Group Inc. increased its position in SiriusPoint by 4.7% during the third quarter. Vanguard Group Inc. now owns 11,757,727 shares of the company’s stock worth $212,697,000 after buying an additional 522,532 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of SiriusPoint by 17.5% during the 3rd quarter. Capital Research Global Investors now owns 6,700,000 shares of the company’s stock valued at $121,203,000 after acquiring an additional 1,000,000 shares during the last quarter. American Century Companies Inc. raised its stake in shares of SiriusPoint by 17.5% in the 3rd quarter. American Century Companies Inc. now owns 5,745,793 shares of the company’s stock valued at $103,941,000 after acquiring an additional 854,315 shares in the last quarter. Victory Capital Management Inc. boosted its position in SiriusPoint by 20.6% during the third quarter. Victory Capital Management Inc. now owns 4,312,811 shares of the company’s stock worth $78,019,000 after purchasing an additional 736,823 shares during the period. Finally, State Street Corp grew its holdings in SiriusPoint by 2.5% during the second quarter. State Street Corp now owns 3,656,146 shares of the company’s stock valued at $74,549,000 after purchasing an additional 89,472 shares during the last quarter. Institutional investors and hedge funds own 52.79% of the company’s stock.

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.