Fidelis Insurance (NYSE:FIHL) Announces Earnings Results

Fidelis Insurance (NYSE:FIHL) released its quarterly earnings results on Wednesday. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.13, FiscalAI reports. The business had revenue of $978.20 million during the quarter, compared to analyst estimates of $756.14 million. Fidelis Insurance had a return on equity of 8.65% and a net margin of 9.02%.

Fidelis Insurance Stock Performance

FIHL stock traded down $0.09 on Friday, hitting $19.17. The company had a trading volume of 202,284 shares, compared to its average volume of 392,377. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 8.69 and a beta of 0.25. 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 $14.39 and a 12-month high of $20.50. The stock’s 50-day simple moving average is $19.28 and its 200 day simple moving average is $18.48.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, March 16th. Fidelis Insurance’s payout ratio is presently 27.15%.

Fidelis Insurance declared that its Board of Directors has authorized a share buyback plan on Friday, February 20th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 18% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FIHL shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $21.00 target price (up from $19.00) on shares of Fidelis Insurance in a report on Wednesday, January 7th. Wall Street Zen lowered shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Keefe, Bruyette & Woods raised their target price on Fidelis Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday. Evercore set a $21.00 price objective on shares of Fidelis Insurance in a research report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.21.

Institutional Trading of Fidelis Insurance

Several large investors have recently added to or reduced their stakes in the business. Focus Partners Wealth purchased a new position in shares of Fidelis Insurance during the 3rd quarter worth $77,000. Tower Research Capital LLC TRC increased its position in Fidelis Insurance by 58.9% in 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. First Trust Advisors LP purchased a new position in shares of Fidelis Insurance during the 2nd quarter valued at about $169,000. Quadrant Capital Group LLC bought a new position in shares of Fidelis Insurance during the 3rd quarter valued at approximately $193,000. Finally, State of Wyoming purchased a new stake in Fidelis Insurance in the 4th quarter worth approximately $214,000. 81.99% of the stock is currently owned by 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.