Jefferies starts SiriusPoint with 'hold', says insurer has made progress in turnaround

ReutersApr 15, 2025 11:29 AM

Brokerage Jefferies starts coverage on insurer SiriusPoint SPNT.N with "hold" rating and $17 PT

PT a 3.4% upside to the stock's last close

Brokerage says SPNT is a "a global insurance and reinsurance underwriter" that has made progress in its turnaround efforts

Brokerage says that co has simplified its business, reduced risks and shifted its focus to specialty insurance

Brokerage believes SPNT's unique distribution approach and use of external managers (MGAs) may take time to prove its effectiveness

As of last close, SPNT stock up 0.24% YTD

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