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SiriusPoint (SPNT) Receives a New Rating from B. Riley Securities

Tipranks - Tipranks - Sat Apr 18, 8:56AM CDT

B. Riley Securities analyst Timothy D’Agostino initiated coverage with a Buy rating on SiriusPoint today and set a price target of $31.00.

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D’Agostino covers the Financial sector, focusing on stocks such as Sound Point Meridian Capital, Inc., SiriusPoint, and Federal National Mortgage Association. According to TipRanks, D’Agostino has an average return of 0.0% and a 60.00% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SiriusPoint with a $28.00 average price target.

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Based on SiriusPoint’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $973.7 million and a net profit of $244 million. In comparison, last year the company earned a revenue of $625.7 million and had a GAAP net loss of $17.3 million

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