Fidelis Insurance (NYSE:FIHL) Sets New 52-Week High on Analyst Upgrade

Fidelis Insurance Holdings Limited (NYSE:FIHL) hit a new 52-week high during mid-day trading on Tuesday after Keefe, Bruyette & Woods raised their price target on the stock from $24.00 to $26.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Fidelis Insurance traded as high as $20.50 and last traded at $20.07, with a volume of 528439 shares traded. The stock had previously closed at $20.04.

Several other analysts also recently issued reports on the company. Wall Street Zen downgraded Fidelis Insurance from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. JPMorgan Chase & Co. restated an “underweight” rating and set a $21.00 price objective (up from $19.00) on shares of Fidelis Insurance in a research note on Wednesday, January 7th. Evercore set a $21.00 target price on Fidelis Insurance in a research note on Wednesday, January 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelis Insurance in a report on Monday, December 29th. Finally, UBS Group increased their price objective on shares of Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Fidelis Insurance presently has an average rating of “Hold” and an average price target of $22.21.

Institutional Investors Weigh In On Fidelis Insurance

Several hedge funds and other institutional investors have recently bought and sold shares of the business. North Capital Inc. acquired a new stake in Fidelis Insurance in the 2nd quarter valued at about $33,000. Focus Partners Wealth bought a new stake in shares of Fidelis Insurance in the 3rd quarter worth approximately $77,000. Ameritas Investment Partners Inc. lifted its stake in 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 purchasing an additional 810 shares during the last quarter. CWM LLC boosted its holdings in Fidelis Insurance by 444.4% during the second quarter. CWM LLC now owns 7,131 shares of the company’s stock worth $118,000 after buying an additional 5,821 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Fidelis Insurance by 58.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock worth $129,000 after buying an additional 2,885 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Fidelis Insurance Stock Performance

The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -401.46 and a beta of 0.25. The company’s 50-day simple moving average is $19.27 and its 200-day simple moving average is $18.47. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 16th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.0%. Fidelis Insurance’s payout ratio is -1,200.00%.

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.