Fidelis Insurance (NYSE:FIHL) Sets New 1-Year High – Here’s What Happened

Fidelis Insurance Holdings Limited (NYSE:FIHL)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $20.00 and last traded at $19.89, with a volume of 16764 shares. The stock had previously closed at $19.72.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FIHL shares. The Goldman Sachs Group set a $17.50 price target on Fidelis Insurance in a research note on Saturday, January 17th. UBS Group upped their price objective on Fidelis Insurance from $23.00 to $24.00 and gave the company a “buy” rating in a report on Monday, November 17th. Keefe, Bruyette & Woods raised their target price on Fidelis Insurance from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Evercore set a $21.00 price target on shares of Fidelis Insurance in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 price target (up from $19.00) on shares of Fidelis Insurance in a report on Wednesday, January 7th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Fidelis Insurance presently has an average rating of “Hold” and a consensus price target of $21.93.

Fidelis Insurance Stock Performance

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 firm has a market capitalization of $2.18 billion, a PE ratio of -393.06 and a beta of 0.25. The firm has a fifty day moving average price of $19.12 and a 200 day moving average price of $18.22.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.02. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%.The firm had revenue of $651.90 million for the quarter, compared to the consensus estimate of $676.79 million. Research analysts anticipate that Fidelis Insurance Holdings Limited will post 3.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fidelis Insurance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIHL. Franklin Resources Inc. raised its stake in Fidelis Insurance by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 95,806 shares of the company’s stock valued at $1,875,000 after purchasing an additional 521 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of Fidelis Insurance by 15.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock valued at $101,000 after buying an additional 810 shares in the last quarter. Advisory Services Network LLC raised its position in Fidelis Insurance by 2.7% during the second quarter. Advisory Services Network LLC now owns 33,472 shares of the company’s stock valued at $506,000 after buying an additional 882 shares during the period. Envestnet Asset Management Inc. lifted its stake in Fidelis Insurance by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 60,344 shares of the company’s stock worth $1,001,000 after acquiring an additional 998 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in Fidelis Insurance by 0.3% during the 2nd quarter. Empowered Funds LLC now owns 443,779 shares of the company’s stock worth $7,358,000 after acquiring an additional 1,209 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

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.