What is B. Riley's Forecast for SiriusPoint FY2025 Earnings?

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) - Equities research analysts at B. Riley upped their FY2025 earnings estimates for shares of SiriusPoint in a research report issued to clients and investors on Wednesday, August 13th. B. Riley analyst R. Binner now anticipates that the company will post earnings of $2.30 per share for the year, up from their prior forecast of $2.12. B. Riley 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.

SiriusPoint (NYSE:SPNT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.56 by $0.10. The business had revenue of $948.20 million for the quarter, compared to analysts' expectations of $720.10 million. SiriusPoint had a net margin of 4.38% and a return on equity of 6.57%.

A number of other research firms have also recently weighed in on SPNT. Oppenheimer set a $25.00 price objective on SiriusPoint and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Wall Street Zen downgraded shares of SiriusPoint from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 27th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $25.00.

SiriusPoint Price Performance

Shares of SPNT stock opened at $18.74 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $2.19 billion, a P/E ratio of 21.06 and a beta of 0.86. The company's 50-day simple moving average is $19.25 and its two-hundred day simple moving average is $17.39. SiriusPoint has a one year low of $12.78 and a one year high of $21.03.

Institutional Trading of SiriusPoint

Large investors have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in SiriusPoint by 4,246.7% in the 1st quarter. Victory Capital Management Inc. now owns 2,741,280 shares of the company's stock valued at $47,397,000 after purchasing an additional 2,678,214 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in SiriusPoint by 223.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,086,688 shares of the company's stock valued at $36,079,000 after purchasing an additional 1,440,836 shares during the last quarter. American Century Companies Inc. boosted its holdings in SiriusPoint by 42.6% in the 1st quarter. American Century Companies Inc. now owns 3,789,579 shares of the company's stock valued at $65,522,000 after purchasing an additional 1,132,787 shares during the last quarter. Capital Research Global Investors boosted its holdings in SiriusPoint by 17.8% in the 4th quarter. Capital Research Global Investors now owns 6,300,000 shares of the company's stock valued at $103,257,000 after purchasing an additional 950,000 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new position in SiriusPoint in the 1st quarter valued at about $12,520,000. Hedge funds and other institutional investors own 52.79% of the company's stock.

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.

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