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SiriusPoint Announces Redemption of Series B Preference Shares
Globenewswire· 2026-01-29 22:20
Core Viewpoint - SiriusPoint Ltd. will redeem all 8 million of its issued and outstanding 8.00% Resettable Fixed Rate Preference Shares, Series B, on February 26, 2026, at a price of $25.00 per share plus $0.49 for unpaid, accrued cumulative dividends [1][2]. Group 1 - The redemption will simplify and optimize the Company's capital structure and financial leverage, eliminating the cost of capital and related cash servicing associated with the Series B Preference Shares [3]. - Following the redemption, no Series B Preference Shares will remain outstanding, and all rights with respect to such shares will cease, except for the right to receive the Redemption Price [2]. - The Company intends to delist the Series B Preference Shares from the New York Stock Exchange and deregister them under the Securities Exchange Act of 1934 after the redemption [2]. Group 2 - SiriusPoint is a global underwriter of insurance and reinsurance, headquartered in Bermuda, with offices in New York, London, and Stockholm, and is listed on the New York Stock Exchange [5]. - The Company has approximately $2.8 billion in total capital and holds a financial strength rating of A- (Excellent) from AM Best, S&P, and Fitch, and A3 from Moody's [5].
SiriusPoint appoints John Sakakeeny as Chief Underwriting Officer of North America P&C Insurance
Globenewswire· 2026-01-28 21:15
HAMILTON, Bermuda, Jan. 28, 2026 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, has today announced the appointment of John Sakakeeny as Chief Underwriting Officer of North America P&C Insurance, effective February 2, 2026. Mr Sakakeeny will report to Patrick Charles, Head of North America Insurance, and Anthony Shapella, Group Chief Underwriting Officer. He will be responsible for providing strategic leadership to the underwriti ...
Best Momentum Stocks to Buy for Dec. 24
ZACKS· 2025-12-24 16:16
Group 1: Stock Highlights - Zumiez Inc. (ZUMZ) has a Zacks Rank 1 with a 73.8% increase in the current year earnings estimate over the last 60 days and shares gained 38.2% in the last three months compared to a 4.0% decline in the S&P 500 [1] - SiriusPoint Ltd. (SPNT) also holds a Zacks Rank 1, with a 7.6% increase in the current year earnings estimate over the last 60 days and shares increased by 27.8% in the past three months against a 4.0% decline in the S&P 500 [2] - Pan American Silver Corp. (PAAS) has a Zacks Rank 1, with a 4.7% increase in the current year earnings estimate over the last 60 days and shares rose by 48.5% in the last three months while the S&P 500 declined by 4.0% [3]
Best Value Stocks to Buy for Dec.24
ZACKS· 2025-12-24 09:51
Core Insights - Two stocks are highlighted with strong value characteristics and a buy rank for investors: SiriusPoint Ltd. and Garrett Motion Inc. [1][2] Group 1: SiriusPoint Ltd. (SPNT) - SiriusPoint Ltd. is an insurance company with a Zacks Rank of 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 7.6% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 9.43, significantly lower than the S&P's 25.25 [1] - SiriusPoint Ltd. possesses a Value Score of A, indicating strong value characteristics [1] Group 2: Garrett Motion Inc. (GTX) - Garrett Motion Inc. is an industrial technology company also carrying a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for its next year earnings has increased by 2.1% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 12.06, again lower than the S&P's 25.25 [2] - Garrett Motion possesses a Value Score of A, reflecting its strong value characteristics [2]
SiriusPoint announces expansion of IMG services following acquisition of Assist America
Globenewswire· 2025-12-23 13:07
Core Viewpoint - SiriusPoint Ltd. has announced the acquisition of Assist America, enhancing its global insurance and assistance services through its subsidiary International Medical Group [1][3][4] Group 1: Acquisition Details - Assist America, founded in 1990, generates approximately $20 million in annual assistance revenues and provides global emergency travel assistance services [2][3] - The acquisition will enhance IMG's third-party medical and travel assistance revenue, increase its scale in the US, and expand coverage to Asia and the Middle East [3][4] Group 2: Strategic Importance - The acquisition is seen as a strategic move to strengthen IMG's global assistance services, creating significant future growth opportunities [4][5] - It is expected to be accretive to both return on equity and earnings per share, adding capital-light fee income and reinforcing a diversified portfolio [5] Group 3: Company Backgrounds - SiriusPoint is a global underwriter of insurance and reinsurance with approximately $2.8 billion in total capital and a strong financial strength rating [6] - IMG is a leading provider of insurance benefits and assistance services, offering a wide range of insurance programs and emergency assistance solutions [7] Group 4: Assist America Overview - Assist America specializes in global travel assistance services, catering to large membership groups through employee and student benefit plans [8][9]
Recent Price Trend in SiriusPoint (SPNT) is Your Friend, Here's Why
ZACKS· 2025-12-19 14:56
Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the need for sound fundamentals and positive earnings estimates to maintain momentum. Group 1: Trend Analysis - The trend in short-term investing is crucial, and confirming its sustainability is essential for profitability [1][2] - Stocks that are currently on an uptrend, supported by strong fundamentals, can be identified using the "Recent Price Strength" screen [3] Group 2: SiriusPoint (SPNT) Overview - SiriusPoint (SPNT) has shown a solid price increase of 24% over the past 12 weeks, indicating investor confidence in its potential upside [4] - SPNT has also experienced an 11.6% price increase over the last four weeks, suggesting that the upward trend is still intact [5] - The stock is trading at 92.1% of its 52-week High-Low Range, indicating a potential breakout [6] Group 3: Fundamental Strength - SPNT holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The Average Broker Recommendation for SPNT is also 1 (Strong Buy), reflecting strong optimism from the brokerage community regarding its near-term price performance [7] Group 4: Investment Strategy - The article suggests that SPNT's price trend is unlikely to reverse soon, and encourages investors to explore other stocks that meet the "Recent Price Strength" criteria [8] - The Zacks Research Wizard can assist in backtesting stock-picking strategies to ensure past profitability [9]
What Makes SiriusPoint (SPNT) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-12-18 18:01
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: SiriusPoint (SPNT) - SiriusPoint currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - The stock has shown significant price increases, with a 24.79% rise over the past quarter and a 51.38% increase over the last year, compared to the S&P 500's 2.16% and 12.81% respectively [7] Price Performance - Over the past week, SPNT shares increased by 4.47%, outperforming the Zacks Insurance - Multi line industry, which rose by 2.88% [6] - The monthly price change for SPNT is 10.58%, significantly higher than the industry's 5.47% [6] Trading Volume - SPNT's average 20-day trading volume is 616,673 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, one earnings estimate for SPNT has increased, raising the consensus estimate from $2.23 to $2.40 [10] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [10] Conclusion - Given the positive momentum indicators and earnings outlook, SPNT is positioned as a strong buy candidate for investors seeking short-term opportunities [12]
Should Value Investors Buy Scor (SCRYY) Stock?
ZACKS· 2025-12-18 15:41
Core Viewpoint - The article emphasizes the importance of value investing and highlights specific stocks, Scor (SCRYY) and SiriusPoint (SPNT), that are currently considered undervalued based on their valuation metrics and Zacks rankings [2][4][6]. Group 1: Value Investing Strategy - Value investing focuses on identifying companies undervalued by the market, relying on traditional analysis of key valuation metrics [2]. - Zacks has developed a Style Scores system to identify stocks with specific traits, particularly in the "Value" category, which is of interest to value investors [3]. Group 2: Scor (SCRYY) Analysis - Scor (SCRYY) has a Zacks Rank of 2 (Buy) and an A grade for Value, with a current P/E ratio of 7.48, compared to the industry average of 9.19 [4]. - The Forward P/E for SCRYY has fluctuated between a high of 28.38 and a low of -302.80 over the past year, with a median of 7.31 [4]. - SCRYY's P/B ratio is 1.25, which is favorable compared to the industry average P/B of 2.68, with its P/B ranging from a high of 1.32 to a low of 0.76 over the past 12 months [5]. Group 3: SiriusPoint (SPNT) Analysis - SiriusPoint (SPNT) also holds a Zacks Rank of 2 (Buy) and an A grade for Value, with a P/B ratio of 1.08, again lower than the industry average of 2.68 [6]. - Over the past 52 weeks, SPNT's P/B has varied from a high of 1.33 to a low of 0.84, with a median of 1.03 [6]. Group 4: Overall Valuation Insights - Both Scor and SiriusPoint are highlighted as impressive value stocks, likely being undervalued at the moment, supported by their strong earnings outlook [7].
All You Need to Know About SiriusPoint (SPNT) Rating Upgrade to Strong Buy
ZACKS· 2025-12-04 18:00
Core Viewpoint - SiriusPoint (SPNT) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system highlights the strong correlation between changes in earnings estimates and near-term stock price movements, making it a valuable tool for investors [2][3]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, and their trading activities based on these estimates can lead to significant price movements [3]. Business Improvement Indicators - The upgrade in SiriusPoint's rating reflects an improvement in the company's underlying business, suggesting that investors may respond positively by driving the stock price higher [4]. Importance of Earnings Estimate Revisions - Research indicates a strong link between earnings estimate revisions and stock movements, emphasizing the importance of tracking these revisions for investment decisions [5]. - The Zacks Rank system effectively leverages earnings estimate revisions to classify stocks, providing a structured approach to investment [6]. Specific Earnings Estimates for SiriusPoint - For the fiscal year ending December 2025, SiriusPoint is expected to earn $2.40 per share, which remains unchanged from the previous year, but the Zacks Consensus Estimate has increased by 6.8% over the past three months [7]. Zacks Rating System Overview - The Zacks rating system maintains a balanced distribution of ratings, with only the top 5% of stocks receiving a "Strong Buy" rating, indicating superior earnings estimate revisions [8][9]. - SiriusPoint's upgrade to Zacks Rank 1 places it among the top 5% of stocks covered by Zacks, suggesting potential for market-beating returns in the near term [9].
SiriusPoint (SPNT) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKS· 2025-12-03 14:56
Core Insights - The article emphasizes the importance of timing and sustainability in short-term investing, highlighting that while trends can be beneficial, ensuring their longevity is crucial for success [1][2] Group 1: Stock Performance - SiriusPoint (SPNT) has shown a solid price increase of 12.6% over the past 12 weeks, indicating strong investor interest [4] - The stock has also increased by 10.8% over the last four weeks, suggesting that the upward trend is still intact [5] - SPNT is currently trading at 97.2% of its 52-week high-low range, indicating a potential breakout [6] Group 2: Fundamental Strength - SPNT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7] Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like SPNT that are on an uptrend supported by strong fundamentals [3] - The article suggests that there are multiple stocks passing through this screening process, providing additional investment opportunities [8]