Fidelis Insurance (NYSE:FIHL) Announces Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Fidelis Insurance (NYSE:FIHL) posted its quarterly earnings data on Wednesday. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.13, FiscalAI reports. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%.The business had revenue of $600.90 million during the quarter, compared to analyst estimates of $756.14 million.

Fidelis Insurance Stock Down 0.2%

Shares of NYSE FIHL traded down $0.04 during trading hours on Wednesday, hitting $20.05. 391,417 shares of the stock were exchanged, compared to its average volume of 375,800. The company has a market cap of $2.22 billion, a PE ratio of -400.94 and a beta of 0.25. Fidelis Insurance has a 12 month low of $14.30 and a 12 month high of $20.50. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average price of $19.27 and a 200-day moving average price of $18.47.

Fidelis Insurance Dividend Announcement

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

Institutional Investors Weigh In On Fidelis Insurance

Institutional investors have recently added to or reduced their stakes in the business. Focus Partners Wealth purchased a new position in shares of Fidelis Insurance in the 3rd quarter valued at approximately $77,000. Tower Research Capital LLC TRC lifted its stake in shares of 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 during the period. First Trust Advisors LP purchased a new stake in shares of Fidelis Insurance during the second quarter valued at $169,000. Quadrant Capital Group LLC purchased a new position in shares of Fidelis Insurance during the third quarter worth $193,000. Finally, State of Wyoming purchased a new position in shares of Fidelis Insurance during the 4th quarter valued at approximately $214,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelis Insurance in a research report on Monday, December 29th. UBS Group increased their target price on Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. 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 report on Wednesday, January 7th. Finally, The Goldman Sachs Group set a $17.50 target price on Fidelis Insurance in a report on Saturday, January 17th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fidelis Insurance currently has an average rating of “Hold” and an average price target of $22.21.

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.