SiriusPoint Ltd. (NYSE:SPNT) Receives $25.00 Average Price Target from Analysts

Shares of SiriusPoint Ltd. (NYSE:SPNT) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $25.00.

A number of analysts recently weighed in on SPNT shares. Wall Street Zen downgraded SiriusPoint from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Zacks Research cut SiriusPoint from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Jefferies Financial Group upgraded SiriusPoint to a “hold” rating in a research report on Wednesday, February 4th. Raymond James Financial assumed coverage on SiriusPoint in a report on Friday, January 16th. They issued a “market perform” rating on the stock. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of SiriusPoint in a report on Monday, December 29th.

SiriusPoint Trading Up 1.9%

Shares of NYSE SPNT opened at $20.40 on Thursday. The firm has a 50 day moving average price of $21.01 and a two-hundred day moving average price of $19.62. The stock has a market cap of $2.38 billion, a P/E ratio of 12.83 and a beta of 0.68. SiriusPoint has a 52-week low of $13.26 and a 52-week high of $22.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.57 and a current ratio of 0.57.

Hedge Funds Weigh In On SiriusPoint

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in SiriusPoint by 20.1% during the 1st quarter. Royal Bank of Canada now owns 17,589 shares of the company’s stock worth $304,000 after acquiring an additional 2,949 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of SiriusPoint by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,933 shares of the company’s stock valued at $967,000 after purchasing an additional 2,480 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in SiriusPoint by 223.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,086,688 shares of the company’s stock worth $36,079,000 after purchasing an additional 1,440,836 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in SiriusPoint by 15.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 228,874 shares of the company’s stock worth $3,957,000 after purchasing an additional 30,022 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in SiriusPoint by 281.2% in the first quarter. Jane Street Group LLC now owns 236,222 shares of the company’s stock valued at $4,084,000 after buying an additional 174,246 shares during the period. Institutional investors and hedge funds 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.