SiriusPoint (NYSE:SPNT - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.
Several other research firms also recently weighed in on SPNT. Raymond James Financial initiated coverage on SiriusPoint in a research report on Friday, January 16th. They set a "market perform" rating for the company. B. Riley Financial began coverage on SiriusPoint in a research report on Friday, April 17th. They issued a "buy" rating and a $31.00 price objective on the stock. Jefferies Financial Group raised SiriusPoint to a "hold" rating in a research note on Wednesday, February 4th. Weiss Ratings upgraded SiriusPoint from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Friday, April 24th. Finally, Zacks Research raised shares of SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, SiriusPoint currently has a consensus rating of "Buy" and a consensus price target of $28.00.
Check Out Our Latest Stock Analysis on SPNT
SiriusPoint Stock Up 0.0%
SPNT stock opened at $23.49 on Friday. The company's 50 day simple moving average is $21.97 and its 200-day simple moving average is $21.01. The firm has a market capitalization of $2.75 billion, a PE ratio of 5.84 and a beta of 0.66. SiriusPoint has a 12 month low of $17.17 and a 12 month high of $23.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59.
SiriusPoint (NYSE:SPNT - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.17. SiriusPoint had a return on equity of 17.42% and a net margin of 15.38%.The firm had revenue of $774.60 million during the quarter, compared to the consensus estimate of $857.58 million. Equities analysts expect that SiriusPoint will post 2.55 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPNT. Royal Bank of Canada raised its holdings in shares of SiriusPoint by 20.1% in the 1st quarter. Royal Bank of Canada now owns 17,589 shares of the company's stock worth $304,000 after purchasing an additional 2,949 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of SiriusPoint by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,933 shares of the company's stock worth $967,000 after purchasing an additional 2,480 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of SiriusPoint by 223.1% during the 1st 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in SiriusPoint by 15.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 228,874 shares of the company's stock worth $3,957,000 after purchasing an additional 30,022 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in SiriusPoint by 281.2% in the first quarter. Jane Street Group LLC now owns 236,222 shares of the company's stock valued at $4,084,000 after buying an additional 174,246 shares during the period. Institutional investors and hedge funds own 52.79% of the company's stock.
About SiriusPoint
(
Get Free Report)
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.
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