Fidelis Insurance (NYSE:FIHL) Stock Rating Lowered by Wall Street Zen

Fidelis Insurance (NYSE:FIHL) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

Several other equities analysts also recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Fidelis Insurance from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. The Goldman Sachs Group set a $17.50 price objective on shares of Fidelis Insurance in a research report on Saturday, January 17th. UBS Group increased their target price on shares of Fidelis Insurance from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Evercore set a $21.00 target price on shares of Fidelis Insurance in a report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelis Insurance in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fidelis Insurance currently has a consensus rating of “Hold” and an average target price of $21.93.

Fidelis Insurance Stock Down 2.5%

Shares of NYSE FIHL opened at $18.92 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. Fidelis Insurance has a 12-month low of $14.17 and a 12-month high of $19.83. The firm’s 50-day moving average price is $19.01 and its 200-day moving average price is $18.14. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -378.30 and a beta of 0.25.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings results on Wednesday, November 12th. The company reported $1.21 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 company had revenue of $651.90 million during the quarter, compared to analyst estimates of $676.79 million. On average, equities research analysts anticipate that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. North Capital Inc. bought a new position in Fidelis Insurance in the 2nd quarter worth about $33,000. Focus Partners Wealth purchased a new stake in shares of Fidelis Insurance in the third quarter valued at approximately $77,000. Ameritas Investment Partners Inc. grew its stake in Fidelis Insurance by 15.3% in the second quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock worth $101,000 after purchasing an additional 810 shares in the last quarter. CWM LLC increased its holdings in Fidelis Insurance by 444.4% during the 2nd quarter. CWM LLC now owns 7,131 shares of the company’s stock worth $118,000 after purchasing an additional 5,821 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Fidelis Insurance by 58.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock worth $129,000 after purchasing an additional 2,885 shares during the period. Institutional investors own 81.99% of the company’s stock.

About Fidelis Insurance

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.