Fidelis Insurance (NYSE:FIHL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Fidelis Insurance (NYSE:FIHL) from a hold rating to a buy rating in a research note issued to investors on Saturday.

FIHL has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelis Insurance in a research report on Monday, December 29th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $21.00 target price (up previously from $19.00) on shares of Fidelis Insurance in a research note on Wednesday, January 7th. The Goldman Sachs Group set a $17.50 price target on Fidelis Insurance in a report on Saturday, January 17th. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelis Insurance from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, 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 report on Monday, November 17th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.93.

Fidelis Insurance Stock Up 1.1%

Shares of NYSE FIHL opened at $19.26 on Friday. The business’s 50 day moving average is $18.98 and its two-hundred day moving average is $18.02. 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 has a 52-week low of $14.17 and a 52-week high of $19.83. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of -385.16 and a beta of 0.25.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. North Capital Inc. bought a new position in shares of Fidelis Insurance in the 2nd quarter valued at about $33,000. Focus Partners Wealth acquired a new position in Fidelis Insurance during the third quarter worth $77,000. Ameritas Investment Partners Inc. boosted its position 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 lifted its stake in Fidelis Insurance by 444.4% in the second quarter. CWM LLC now owns 7,131 shares of the company’s stock valued at $118,000 after acquiring an additional 5,821 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position 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 during the last quarter. 81.99% of the stock is owned by institutional investors.

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.