SiriusPoint (NYSE:SPNT) Upgraded by B. Riley to Strong-Buy Rating

SiriusPoint (NYSE:SPNT - Get Free Report) was upgraded by B. Riley to a "strong-buy" rating in a report released on Sunday,Zacks.com reports. 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.

A number of other brokerages also recently commented on SPNT. Wall Street Zen downgraded SiriusPoint from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. Oppenheimer set a $25.00 price target on SiriusPoint and gave the stock an "outperform" rating in a report on Thursday, June 26th. Finally, Jefferies Financial Group assumed coverage on SiriusPoint in a research report on Tuesday, April 15th. They issued a "hold" rating and a $17.00 target price on the stock. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, SiriusPoint presently has an average rating of "Buy" and a consensus target price of $25.00.

SiriusPoint Price Performance

Shares of NYSE SPNT traded up $0.11 during trading on Friday, reaching $19.69. The company had a trading volume of 118,203 shares, compared to its average volume of 677,962. SiriusPoint has a twelve month low of $12.78 and a twelve month high of $21.03. The stock has a market capitalization of $2.30 billion, a PE ratio of 20.46 and a beta of 0.86. The stock has a 50-day moving average price of $19.39 and a two-hundred day moving average price of $16.99. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.36.

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

Insider Activity at SiriusPoint

In related news, Director La Gueronniere Rafe De sold 30,000 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $19.55, for a total transaction of $586,500.00. Following the transaction, the director directly owned 127,578 shares in the company, valued at $2,494,149.90. The trade was 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 link. Insiders own 11.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SPNT. KLP Kapitalforvaltning AS raised its position in shares of SiriusPoint by 15.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,300 shares of the company's stock valued at $434,000 after acquiring an additional 2,800 shares during the last quarter. USA Financial Formulas bought a new stake in shares of SiriusPoint during the 2nd quarter valued at $27,000. State of Alaska Department of Revenue raised its position in shares of SiriusPoint by 7.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 54,818 shares of the company's stock valued at $1,116,000 after acquiring an additional 3,695 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of SiriusPoint during the 2nd quarter valued at $332,000. Finally, GAMMA Investing LLC raised its position in shares of SiriusPoint by 14.6% during the 2nd quarter. GAMMA Investing LLC now owns 5,018 shares of the company's stock valued at $102,000 after acquiring an additional 639 shares during the last quarter. 52.79% of the stock is owned by institutional investors and hedge funds.

SiriusPoint Company Profile

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.