Wall Street Zen Upgrades Fidelis Insurance (NYSE:FIHL) to Buy

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

A number of other equities analysts have also issued reports on FIHL. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 price objective (up from $19.00) on shares of Fidelis Insurance in a report on Wednesday, January 7th. UBS Group increased their price target on Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Keefe, Bruyette & Woods raised their price target on Fidelis Insurance from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. The Goldman Sachs Group set a $17.50 price objective on shares of Fidelis Insurance in a report on Saturday, January 17th. Finally, Barclays increased their target price on shares of Fidelis Insurance from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Four equities research 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.93.

Fidelis Insurance Stock Up 0.7%

Fidelis Insurance stock opened at $19.02 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74. Fidelis Insurance has a one year low of $14.17 and a one year high of $19.83. The company has a 50-day simple moving average of $18.97 and a 200-day simple moving average of $17.96. The firm has a market capitalization of $2.11 billion, a P/E ratio of -380.40 and a beta of 0.24.

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

Hedge Funds Weigh In On Fidelis Insurance

Large investors have recently made changes to their positions in the business. CWM LLC grew its stake in shares of Fidelis Insurance by 44.1% in the 4th quarter. CWM LLC now owns 21,467 shares of the company’s stock worth $420,000 after purchasing an additional 6,572 shares during the last quarter. Red Door Wealth Management LLC acquired a new stake in Fidelis Insurance during the fourth quarter valued at approximately $333,000. Kendall Capital Management boosted its holdings in Fidelis Insurance by 39.1% during the fourth quarter. Kendall Capital Management now owns 78,185 shares of the company’s stock worth $1,530,000 after buying an additional 21,965 shares in the last quarter. SG Americas Securities LLC grew its position in Fidelis Insurance by 22.1% in the fourth quarter. SG Americas Securities LLC now owns 16,060 shares of the company’s stock worth $314,000 after buying an additional 2,904 shares during the last quarter. Finally, Diversified Trust Co. increased its holdings in shares of Fidelis Insurance by 2.2% in the fourth quarter. Diversified Trust Co. now owns 138,900 shares of the company’s stock valued at $2,718,000 after buying an additional 3,000 shares in the last quarter. 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.