Jefferies Financial Group Upgrades SiriusPoint (NYSE:SPNT) to Hold

SiriusPoint (NYSE:SPNT) was upgraded by equities research analysts at Jefferies Financial Group to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other brokerages also recently commented on SPNT. Wall Street Zen downgraded SiriusPoint from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Zacks Research cut shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Raymond James Financial began coverage on SiriusPoint in a report on Friday, January 16th. They issued a “market perform” rating for the company. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of SiriusPoint in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $25.00.

SiriusPoint Stock Up 1.0%

SiriusPoint stock opened at $20.49 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.57 and a quick ratio of 0.57. SiriusPoint has a fifty-two week low of $13.26 and a fifty-two week high of $22.89. The firm has a fifty day moving average price of $21.08 and a two-hundred day moving average price of $19.60. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 12.89 and a beta of 0.68.

Institutional Investors Weigh In On SiriusPoint

Large investors have recently made changes to their positions in the company. Swiss Life Asset Management Ltd bought a new position in SiriusPoint during the 4th quarter valued at about $269,000. Sequoia Financial Advisors LLC raised its stake in shares of SiriusPoint by 5.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,994 shares of the company’s stock valued at $372,000 after acquiring an additional 873 shares during the last quarter. Horizon Investments LLC bought a new position in shares of SiriusPoint in the fourth quarter valued at approximately $1,296,000. New York State Teachers Retirement System boosted its holdings in shares of SiriusPoint by 26.9% in the 4th quarter. New York State Teachers Retirement System now owns 46,950 shares of the company’s stock worth $1,028,000 after acquiring an additional 9,957 shares in the last quarter. Finally, Torren Management LLC bought a new stake in SiriusPoint during the 4th quarter worth approximately $143,000. 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.