Shares of SiriusPoint Ltd. (NYSE:SPNT – Get Free Report) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $31.00.
SPNT has been the topic of a number of research reports. Zacks Research cut shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings restated a “buy (b+)” rating on shares of SiriusPoint in a research report on Friday, August 7th. Finally, Wall Street Zen downgraded shares of SiriusPoint from a “buy” rating to a “hold” rating in a report on Saturday, May 9th.
Get Our Latest Stock Analysis on SPNT
SiriusPoint Stock Performance
SiriusPoint (NYSE:SPNT – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $744.10 million during the quarter, compared to analysts’ expectations of $798.95 million. SiriusPoint had a return on equity of 15.65% and a net margin of 15.56%. Sell-side analysts forecast that SiriusPoint will post 2.57 earnings per share for the current fiscal year.
Institutional Investors Weigh In On SiriusPoint
A number of institutional investors and hedge funds have recently bought and sold shares of SPNT. Horizon Investments LLC purchased a new position in SiriusPoint in the 4th quarter valued at about $1,296,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of SiriusPoint by 1,107.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 334,222 shares of the company’s stock worth $7,199,000 after buying an additional 306,550 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of SiriusPoint by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 12,126,635 shares of the company’s stock worth $265,452,000 after buying an additional 368,908 shares in the last quarter. State of Wyoming purchased a new stake in shares of SiriusPoint during the second quarter worth about $1,016,000. Finally, Precision Wealth Strategies LLC acquired a new position in shares of SiriusPoint in the first quarter valued at approximately $1,701,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.
SiriusPoint Company Profile
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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