SiriusPoint Ltd. (NYSE:SPNT) Sees Significant Increase in Short Interest

SiriusPoint Ltd. (NYSE:SPNT) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 2,243,595 shares, a growth of 26.7% from the January 29th total of 1,770,541 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 654,630 shares, the days-to-cover ratio is currently 3.4 days. Based on an average daily trading volume, of 654,630 shares, the days-to-cover ratio is currently 3.4 days. Currently, 2.1% of the shares of the stock are short sold.

SiriusPoint Stock Up 1.5%

Shares of SPNT opened at $21.46 on Tuesday. The firm has a market cap of $2.51 billion, a PE ratio of 5.82 and a beta of 0.68. The company’s fifty day moving average is $20.77 and its two-hundred day moving average is $19.82. SiriusPoint has a fifty-two week low of $14.05 and a fifty-two week high of $22.89. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30.

SiriusPoint (NYSE:SPNT) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.16. SiriusPoint had a return on equity of 15.90% and a net margin of 14.34%.The business had revenue of $973.70 million during the quarter, compared to the consensus estimate of $773.00 million.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SPNT shares. Weiss Ratings upgraded shares of SiriusPoint from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, February 25th. Zacks Research cut shares of 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 research note on Friday, January 16th. They issued a “market perform” rating on the stock. Finally, Wall Street Zen downgraded SiriusPoint from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $25.00.

Institutional Trading of SiriusPoint

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in SiriusPoint by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 12,126,635 shares of the company’s stock valued at $265,452,000 after buying an additional 368,908 shares during the period. Donald Smith & CO. Inc. increased its position in shares of SiriusPoint by 13.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 8,428,966 shares of the company’s stock worth $184,510,000 after acquiring an additional 1,026,284 shares in the last quarter. Capital Research Global Investors raised its stake in shares of SiriusPoint by 11.2% in the 4th quarter. Capital Research Global Investors now owns 7,447,968 shares of the company’s stock valued at $163,036,000 after acquiring an additional 747,968 shares during the period. American Century Companies Inc. lifted its holdings in shares of SiriusPoint by 17.5% during the 3rd quarter. American Century Companies Inc. now owns 5,745,793 shares of the company’s stock valued at $103,941,000 after acquiring an additional 854,315 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of SiriusPoint by 12.1% during the 4th quarter. State Street Corp now owns 4,325,405 shares of the company’s stock valued at $94,683,000 after acquiring an additional 468,060 shares in the last quarter. 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.