Jefferies initiated coverage on SiriusPoint with a new price target
$SPNT
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Jefferies initiated coverage of SiriusPoint with a rating of Hold and set a new price target of $17.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/21/2025 | $33.00 | Buy | B. Riley Securities |
| 6/26/2025 | $25.00 | Outperform | Oppenheimer |
| 4/15/2025 | $17.00 | Hold | Jefferies |
B. Riley Securities initiated coverage of SiriusPoint with a rating of Buy and set a new price target of $33.00
Oppenheimer initiated coverage of SiriusPoint with a rating of Outperform and set a new price target of $25.00
Jefferies initiated coverage of SiriusPoint with a rating of Hold and set a new price target of $17.00
Acquisition follows closing of sale of Ambac's legacy financial guarantee businesses and completion of Ambac's transformation into a pure-play MGA and specialty insurance platform Addition of leading supplemental health insurance program manager significantly strengthens Ambac's market position, propels growth trajectory, and accelerates specialty insurance distribution strategy Transaction expected to be accretive to Ambac shareholders in 2026 Ambac to hold investor call at 8:30am ET to provide an update on its strategic plan and go-forward priorities Ambac Financial Group, Inc. ("Ambac") (NYSE: AMBC), an insurance holding company, today announced it has entered into a definitive a
HAMILTON, Bermuda, Sept. 29, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint") (NYSE: SPNT), a global specialty insurer and reinsurer, has today announced its agreement to sell wholly owned supplemental health insurance program manager, ArmadaCare ("Armada") to Ambac Financial Group Inc. ("Ambac") for $250 million. SiriusPoint will continue its capacity partnership with Armada until the end of 2030. Upon completion of the sale, SiriusPoint will recognize a pre-tax gain of $220-230 million, with the transaction valuing Armada at approximately 14x EBITDA1. Pro-forma tangible book value is expected to increase by approximately 10% upon close. Scott Egan, SiriusPoint's Chief Executiv
HAMILTON, Bermuda, Sept. 03, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE:SPNT), a global specialty insurer and reinsurer, has today announced the appointment of Martin Hudson as Board Director, effective September 1, 2025. Mr. Hudson has more than 40 years of international (re)insurance leadership experience, spanning underwriting, risk management, governance, and executive management. Since 2015, he has served as an Independent Non-Executive Director and Chair of the Board across a number of companies, including SiriusPoint International Insurance Corporation (publ). He is also currently Independent Non-Executive Director at Liberty Mutual Managing A
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8-K - SiriusPoint Ltd (0001576018) (Filer)
8-K - SiriusPoint Ltd (0001576018) (Filer)
SCHEDULE 13G - SiriusPoint Ltd (0001576018) (Subject)
Acquisition follows closing of sale of Ambac's legacy financial guarantee businesses and completion of Ambac's transformation into a pure-play MGA and specialty insurance platform Addition of leading supplemental health insurance program manager significantly strengthens Ambac's market position, propels growth trajectory, and accelerates specialty insurance distribution strategy Transaction expected to be accretive to Ambac shareholders in 2026 Ambac to hold investor call at 8:30am ET to provide an update on its strategic plan and go-forward priorities Ambac Financial Group, Inc. ("Ambac") (NYSE: AMBC), an insurance holding company, today announced it has entered into a definitive a
HAMILTON, Bermuda, Aug. 04, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE:SPNT) today announced results for its second quarter ended June 30, 2025 Combined ratio of 89.5% in the second quarter for Core business, representing a 3.8 point improvement from prior year and resulting in a half year Core combined ratio of 92.4%Underwriting income growth of 83% year over year in the second quarter to $68 million for Core businessStrong gross premiums written growth of 10% for Core business in the second quarter, marking the fifth consecutive quarter of double-digit growthSecond quarter return on equity of 12.7%, with underlying return on equity of 17.0% in the q
HAMILTON, Bermuda, Aug. 04, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE:SPNT), an international specialty insurer and reinsurer, has announced that the Audit Committee of the Board of Directors of SiriusPoint Ltd. approved a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share payable on or prior to August 29, 2025 to Series B shareholders of record as of August 14, 2025. About SiriusPoint SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with of
HAMILTON, Bermuda, Sept. 03, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE:SPNT), a global specialty insurer and reinsurer, has today announced the appointment of Martin Hudson as Board Director, effective September 1, 2025. Mr. Hudson has more than 40 years of international (re)insurance leadership experience, spanning underwriting, risk management, governance, and executive management. Since 2015, he has served as an Independent Non-Executive Director and Chair of the Board across a number of companies, including SiriusPoint International Insurance Corporation (publ). He is also currently Independent Non-Executive Director at Liberty Mutual Managing A
HAMILTON, Bermuda, Nov. 11, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint") (NYSE:SPNT), a global specialty insurer and reinsurer, has today announced changes to its Chief Underwriting Office leadership to support plans for further growth and profitability in 2025. From January 1, 2025, Anthony Shapella will be promoted into the role of Group Chief Underwriting Officer and will join the Executive Leadership Team. David Govrin will now focus entirely on his role as Group President and Chief Executive Officer of Global Reinsurance. Mr. Govrin has held the dual role of Group President and Chief Underwriting Officer and Global Profit and Loss (P&L) Lead for Reinsurance since Februar
HAMILTON, Bermuda, May 28, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE:SPNT), a global specialty insurer and reinsurer, has today announced the appointment of Susan Cross as Board Director, effective May 24, 2024. Susan takes up a new role on the SiriusPoint Board, bringing the total number of members to 10. Susan has over 40 years of experience in the (re)insurance industry, with a focus on developing and leading actuarial and analytical functions to support global growth. She has been a Director of Enstar Group Limited (Enstar) since October 2020, and prior to that served as Executive Vice President and Global Chief Actuary at XL Group (now AXA XL),
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