SiriusPoint Ltd. (NYSE:SPNT) Receives Consensus Rating of "Buy" from Analysts

Shares of SiriusPoint Ltd. (NYSE:SPNT - Get Free Report) have been given a consensus rating of "Buy" by the six analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, two have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $25.00.Several brokerages recently issued reports on SPNT. Wall Street Zen upgraded SiriusPoint from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 8th. Weiss Ratings restated a "buy (b+)" rating on shares of SiriusPoint in a research note on Monday. Finally, Zacks Research upgraded SiriusPoint from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 1st.Check Out Our Latest Research Report on SiriusPointSiriusPoint Trading Down 1.7%Shares of SPNT stock opened at $21.94 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.34. SiriusPoint has a fifty-two week low of $13.26 and a fifty-two week high of $22.79. The firm's 50 day moving average price is $19.82 and its two-hundred day moving average price is $19.21. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 13.80 and a beta of 0.68. SiriusPoint (NYSE:SPNT - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.21. SiriusPoint had a net margin of 6.97% and a return on equity of 11.31%. The company had revenue of $755.90 million during the quarter, compared to analyst estimates of $738.35 million. Institutional Trading of SiriusPointLarge investors have recently bought and sold shares of the company. US Bancorp DE acquired a new position in shares of SiriusPoint during the first quarter worth $65,000. Swiss National Bank increased its stake in SiriusPoint by 1.7% during the 1st quarter. Swiss National Bank now owns 203,800 shares of the company's stock worth $3,524,000 after buying an additional 3,400 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in SiriusPoint during the 1st quarter worth $545,000. Nuveen LLC acquired a new position in SiriusPoint in the 1st quarter worth $3,883,000. Finally, American Century Companies Inc. boosted its position in SiriusPoint by 42.6% in the 1st quarter. American Century Companies Inc. now owns 3,789,579 shares of the company's stock valued at $65,522,000 after buying an additional 1,132,787 shares during the last quarter. Institutional investors and hedge funds own 52.79% of the company's stock. SiriusPoint Company Profile (Get Free Report)SiriusPoint Ltd. provides multi-line insurance and reinsurance products and services worldwide. The company operates through two segments, Reinsurance, and Insurance & Services. The Reinsurance segment provides aviation and space, accident and health, casualty, credit, marine and energy, property to insurance and reinsurance companies, government entities, and other risk bearing vehicles.Featured StoriesFive stocks we like better than SiriusPointBiggest Stock Losers - Today’s Biggest Percentage DeclinersWhy Taiwan Semiconductor's 6.5% Dip Could Be a Smart BuyHow to Evaluate a Stock Before Buying RTX Surges to Record Highs as Defense Orders ExplodeStock Trading Terms - Stock Terms Every Investor Needs to KnowSmart Money Is Buying Auto Suppliers, Not Car BrandsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in SiriusPoint Right Now?Before you consider SiriusPoint, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SiriusPoint wasn't on the list.While SiriusPoint currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here