Shares of SiriusPoint Ltd. (NYSE:SPNT – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $30.50.
A number of analysts recently issued reports on the company. Weiss Ratings upgraded SiriusPoint from a “buy (a-)” rating to a “buy (a)” rating in a research note on Tuesday, October 27th. Royal Bank Of Canada began coverage on SiriusPoint in a research report on Tuesday, September 22nd. They issued an “outperform” rating and a $30.00 price target for the company.
Check Out Our Latest Stock Report on SPNT
Institutional Trading of SiriusPoint
Several institutional investors and hedge funds have recently modified their holdings of SPNT. Susquehanna International Group LLP grew its holdings in SiriusPoint by 2.0% during the 2nd quarter. Susquehanna International Group LLP now owns 46,476 shares of the company’s stock worth $1,115,000 after acquiring an additional 895 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of SiriusPoint by 51.3% in the first quarter. EverSource Wealth Advisors LLC now owns 3,704 shares of the company’s stock valued at $80,000 after buying an additional 1,256 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in SiriusPoint by 2.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 55,103 shares of the company’s stock worth $1,187,000 after purchasing an additional 1,313 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of SiriusPoint by 73.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,023 shares of the company’s stock worth $98,000 after acquiring an additional 1,697 shares during the last quarter. Finally, Ethic Inc. grew its stake in SiriusPoint by 18.7% during the third quarter. Ethic Inc. now owns 13,467 shares of the company’s stock worth $327,000 after buying an additional 2,119 shares in the last quarter. Hedge funds and other institutional investors own 52.79% of the company’s stock.
SiriusPoint Stock Down 0.0%
SPNT opened at $26.26 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.58. The business has a 50 day moving average price of $25.05 and a 200 day moving average price of $23.15. The firm has a market cap of $3.05 billion, a P/E ratio of 6.39 and a beta of 0.60. SiriusPoint has a twelve month low of $19.15 and a twelve month high of $27.12.
SiriusPoint (NYSE:SPNT – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.64 by $0.24. SiriusPoint had a return on equity of 15.65% and a net margin of 15.56%. The firm had revenue of $867.60 million for the quarter, compared to analysts’ expectations of $740.99 million. Research analysts forecast that SiriusPoint will post 2.59 EPS for the current year.
SiriusPoint Company Profile
SiriusPoint Ltd. (NYSE: SPNT) is a global specialty insurance and reinsurance company headquartered in Bermuda. The company provides underwriting solutions to businesses, insurers and other organizations through a combination of insurance and reinsurance operations.
Its offerings include property and casualty coverage, specialty insurance, accident and health products, and reinsurance. SiriusPoint serves clients through underwriting platforms and subsidiaries in key insurance markets, including Bermuda, the United States, the United Kingdom and other international jurisdictions.
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