SiriusPoint (NYSE:SPNT) Issues Earnings Results

SiriusPoint (NYSE:SPNT) announced its quarterly earnings data on Wednesday. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.16, FiscalAI reports. The company had revenue of $973.70 million during the quarter, compared to analyst estimates of $773.00 million. SiriusPoint had a net margin of 6.97% and a return on equity of 11.31%.

SiriusPoint Stock Down 1.8%

SiriusPoint stock opened at $20.62 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.57 and a current ratio of 0.57. SiriusPoint has a one year low of $13.26 and a one year high of $22.89. The company has a 50-day simple moving average of $20.91 and a 200-day simple moving average of $19.65. The firm has a market capitalization of $2.41 billion, a P/E ratio of 12.97 and a beta of 0.68.

Analyst Ratings Changes

A number of equities analysts recently commented on SPNT shares. Jefferies Financial Group upgraded SiriusPoint to a “hold” rating in a research note on Wednesday, February 4th. Raymond James Financial began coverage on SiriusPoint in a research report on Friday, January 16th. They issued a “market perform” rating for the company. Weiss Ratings reiterated a “buy (b+)” rating on shares of SiriusPoint in a report on Monday, December 29th. Zacks Research downgraded shares of SiriusPoint from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Wall Street Zen lowered shares of SiriusPoint from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Institutional Investors Weigh In On SiriusPoint

Several large investors have recently made changes to their positions in the company. Natixis Advisors LLC grew its holdings in SiriusPoint by 7.2% in the 4th quarter. Natixis Advisors LLC now owns 13,592 shares of the company’s stock worth $298,000 after buying an additional 916 shares in the last quarter. Boothbay Fund Management LLC boosted its position in SiriusPoint by 0.9% during the 3rd quarter. Boothbay Fund Management LLC now owns 116,800 shares of the company’s stock worth $2,113,000 after acquiring an additional 1,007 shares during the period. Mariner LLC grew its stake in shares of SiriusPoint by 5.3% in the third quarter. Mariner LLC now owns 23,220 shares of the company’s stock worth $420,000 after purchasing an additional 1,179 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of SiriusPoint by 187.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $43,000 after purchasing an additional 1,377 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of SiriusPoint by 4.6% during the first 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 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.