B. Riley Begins Coverage on SiriusPoint (NYSE:SPNT)

Research analysts at B. Riley initiated coverage on shares of SiriusPoint (NYSE:SPNT - Get Free Report) in a research note issued to investors on Monday, Marketbeat reports. The brokerage set a "buy" rating and a $33.00 price target on the stock. B. Riley's target price points to a potential upside of 67.22% from the stock's previous close. B. Riley also issued estimates for SiriusPoint's Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.57 EPS, FY2025 earnings at $2.12 EPS, FY2026 earnings at $2.35 EPS and FY2027 earnings at $2.75 EPS.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen cut SiriusPoint from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. Jefferies Financial Group started coverage on SiriusPoint in a report on Tuesday, April 15th. They set a "hold" rating and a $17.00 price target on the stock. Finally, Oppenheimer set a $25.00 price target on SiriusPoint and gave the stock an "outperform" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $25.00.

SiriusPoint Stock Performance

Shares of SPNT traded up $0.04 during mid-day trading on Monday, hitting $19.74. 120,797 shares of the company's stock were exchanged, compared to its average volume of 674,986. The stock's 50-day simple moving average is $19.39 and its 200-day simple moving average is $16.96. SiriusPoint has a 52 week low of $12.78 and a 52 week high of $21.03. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.36. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 20.56 and a beta of 0.86.

SiriusPoint (NYSE:SPNT - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.26 by $0.23. SiriusPoint had a net margin of 6.30% and a return on equity of 7.78%. The firm had revenue of $727.30 million for the quarter, compared to analyst estimates of $688.00 million.

Insider Buying and Selling at SiriusPoint

In related news, Director La Gueronniere Rafe De sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $19.55, for a total value of $586,500.00. Following the sale, the director directly owned 127,578 shares in the company, valued at $2,494,149.90. This represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 11.70% of the company's stock.

Institutional Investors Weigh In On SiriusPoint

A number of institutional investors have recently modified their holdings of SPNT. USA Financial Formulas bought a new position in SiriusPoint during the second quarter worth $27,000. Sterling Capital Management LLC boosted its holdings in SiriusPoint by 742.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,714 shares of the company's stock worth $44,000 after acquiring an additional 2,392 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of SiriusPoint by 14,087.0% in the 4th quarter. Farther Finance Advisors LLC now owns 3,263 shares of the company's stock worth $53,000 after purchasing an additional 3,240 shares in the last quarter. Quarry LP lifted its holdings in shares of SiriusPoint by 1,737.6% in the 1st quarter. Quarry LP now owns 3,473 shares of the company's stock worth $60,000 after purchasing an additional 3,284 shares in the last quarter. Finally, US Bancorp DE bought a new position in shares of SiriusPoint in the 1st quarter worth $65,000. 52.79% of the stock is owned by institutional investors.

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.