B. Riley Estimates SiriusPoint's FY2025 Earnings (NYSE:SPNT)

Key Points

• B. Riley has raised its FY2025 earnings estimate for SiriusPoint to $2.30 per share, up from a previous forecast of $2.12.
• SiriusPoint reported quarterly earnings of $0.66 EPS, exceeding estimates by $0.10, with revenues reaching $948.20 million compared to expectations of $720.10 million.
• Institutional investors have significantly increased their holdings in SiriusPoint, with notable boosts from Victory Capital Management and Goldman Sachs.

SiriusPoint Ltd. (NYSE:SPNT - Free Report) - Analysts at B. Riley boosted their FY2025 EPS estimates for SiriusPoint in a research note issued to investors on Wednesday, August 13th. B. Riley analyst R. Binner now anticipates that the company will earn $2.30 per share for the year, up from their previous forecast of $2.12. B. Riley currently has a "Strong-Buy" rating on the stock. B. Riley also issued estimates for SiriusPoint's Q4 2025 earnings at $0.56 EPS and FY2026 earnings at $2.40 EPS.

Several other equities research analysts have also issued reports on the stock. Wall Street Zen lowered shares of SiriusPoint from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 27th. Oppenheimer set a $25.00 price objective on shares of SiriusPoint and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $25.00.

SiriusPoint Trading Up 0.9%

Shares of SiriusPoint stock traded up $0.1650 during trading hours on Thursday, hitting $18.3750. The company's stock had a trading volume of 135,492 shares, compared to its average volume of 688,260. SiriusPoint has a 1-year low of $12.78 and a 1-year high of $21.03. The business has a fifty day moving average of $19.20 and a 200 day moving average of $17.51. The company has a market capitalization of $2.15 billion, a PE ratio of 20.65 and a beta of 0.86. The company has a quick ratio of 0.60, a current 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, August 4th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.10. SiriusPoint had a net margin of 4.38% and a return on equity of 6.57%. The company had revenue of $948.20 million during the quarter, compared to analyst estimates of $720.10 million.

Institutional Trading of SiriusPoint

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in shares of SiriusPoint by 11.3% in the 4th quarter. Wells Fargo & Company MN now owns 96,491 shares of the company's stock worth $1,581,000 after purchasing an additional 9,806 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of SiriusPoint by 8.4% in the 4th quarter. Bank of Montreal Can now owns 18,013 shares of the company's stock worth $295,000 after purchasing an additional 1,393 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of SiriusPoint by 73.6% in the 4th quarter. Renaissance Technologies LLC now owns 227,987 shares of the company's stock worth $3,737,000 after purchasing an additional 96,687 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of SiriusPoint by 742.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,714 shares of the company's stock worth $44,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Mariner LLC raised its holdings in shares of SiriusPoint by 6.3% in the 4th quarter. Mariner LLC now owns 20,792 shares of the company's stock worth $341,000 after purchasing an additional 1,230 shares in the last quarter. 52.79% of the stock is currently owned by institutional investors.

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.