Granite Point:Keefe, Bruyette & Woods Maintains Market Perform, PT Raised to $2.75

Granite Point:Keefe, Bruyette & Woods Maintains Market Perform, PT Raised to $2.75

Keefe, Bruyette & Woods (KBW) has maintained its "market perform" rating for Granite Point (GP) while raising its price target to $2.75. This update was part of a research note issued to investors on July 2, 2025 [1].

Granite Point, a diversified financial services company, has seen its stock price target increase by KBW analysts. The new target reflects a potential upside of approximately 11.96% from the company's current price. This move comes amidst a series of recent analyst reports on Granite Point's stock.

Other analysts have also issued reports on Granite Point. UBS Group raised their price objective on shares of Granite Point to $3.00 and gave the stock a "buy" rating in a report on June 12th. Jefferies Financial Group downgraded shares of Granite Point from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $2.95 to $2.85 in a report on June 10th. Barclays dropped their price objective on shares of Granite Point from $2.85 to $2.70 and set an "equal weight" rating on the stock in a report on April 11th. Morgan Stanley set a $2.90 price objective on shares of Granite Point and gave the stock an "overweight" rating in a report on May 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Granite Point from $2.85 to $2.87 and gave the stock a "neutral" rating in a report on April 8th.

Granite Point has an average rating of "Moderate Buy" and a consensus price target of $2.90 according to data from MarketBeat.com. The company has an average quick ratio of 0.56, a current ratio of 0.56, and a debt-to-equity ratio of 0.16. Its 50-day moving average price is $2.87, and its 200-day moving average price is $2.86. The stock has a market capitalization of $25.52 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 6.18, and a beta of 0.51.

Granite Point last posted its quarterly earnings data on April 29th. The company reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The business had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.75 billion. Granite Point had a return on equity of 15.79% and a net margin of 20.72%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.45 EPS. Equities research analysts forecast that Granite Point will post 8.42 earnings per share for the current year.

In other news, insiders sold 111,976 shares of company stock worth $10,531,038 over the last ninety days. Company insiders own 4.10% of the company's stock. Several institutional investors and hedge funds have recently modified their holdings of GP. Proficio Capital Partners LLC bought a new stake in shares of Granite Point during the fourth quarter valued at approximately $92,000. Jones Financial Companies Lllp raised its position in shares of Granite Point by 105.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,953 shares of the insurance provider's stock valued at $180,000 after buying an additional 1,004 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Granite Point, together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.

References:
[1] https://www.marketbeat.com/instant-alerts/arch-capital-groups-acgl-market-perform-rating-reiterated-at-keefe-bruyette-woods-2025-07-09/