Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives Consensus Rating of “Hold” from Brokerages

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have received an average recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $21.9286.

A number of analysts recently weighed in on FIHL shares. Keefe, Bruyette & Woods upped their target price on shares of Fidelis Insurance from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Evercore set a $21.00 price target on shares of Fidelis Insurance in a research report on Wednesday, January 7th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $21.00 price objective (up previously from $19.00) on shares of Fidelis Insurance in a research report on Wednesday, January 7th. Wall Street Zen lowered Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, The Goldman Sachs Group set a $17.50 target price on Fidelis Insurance in a research note on Saturday, January 17th.

Fidelis Insurance Trading Down 2.5%

NYSE:FIHL opened at $18.92 on Tuesday. Fidelis Insurance has a 1 year low of $14.17 and a 1 year high of $19.83. The stock’s fifty day moving average price is $19.01 and its two-hundred day moving average price is $18.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $2.09 billion, a P/E ratio of -378.30 and a beta of 0.25.

Fidelis Insurance (NYSE:FIHL) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02. The business had revenue of $651.90 million for the quarter, compared to analysts’ expectations of $676.79 million. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%. As a group, analysts expect that Fidelis Insurance will post 3.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning grew its stake in shares of Fidelis Insurance by 379.6% during the second quarter. Creative Planning now owns 68,411 shares of the company’s stock valued at $1,134,000 after buying an additional 54,146 shares during the last quarter. JPMorgan Chase & Co. grew its position in Fidelis Insurance by 332.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 937,527 shares of the company’s stock worth $15,544,000 after acquiring an additional 720,734 shares during the last quarter. Stephens Inc. AR purchased a new position in Fidelis Insurance in the 3rd quarter worth approximately $3,311,000. Panagora Asset Management Inc. purchased a new stake in shares of Fidelis Insurance during the second quarter valued at approximately $1,808,000. Finally, Loomis Sayles & Co. L P grew its holdings in Fidelis Insurance by 12.2% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,303,167 shares of the company’s stock worth $21,607,000 after acquiring an additional 142,089 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.