Fidelis Insurance Holdings Limited (NYSE:FIHL) Given Average Recommendation of “Hold” by Brokerages

Fidelis Insurance Holdings Limited (NYSE:FIHL) has earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $21.9286.

A number of analysts have commented on the stock. The Goldman Sachs Group set a $17.50 price target on shares of Fidelis Insurance in a research report on Saturday, January 17th. Wall Street Zen raised shares of Fidelis Insurance from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays lifted their price objective on shares of Fidelis Insurance from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. UBS Group upped their price objective on shares of Fidelis Insurance from $23.00 to $24.00 and gave the company a “buy” rating in a report on Monday, November 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelis Insurance in a report on Monday, December 29th.

Fidelis Insurance Stock Performance

NYSE FIHL opened at $19.26 on Tuesday. The stock has a fifty day simple moving average of $18.98 and a 200 day simple moving average of $18.02. Fidelis Insurance has a twelve month low of $14.17 and a twelve month high of $19.83. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -385.16 and a beta of 0.25. 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 (NYSE:FIHL) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%.The company had revenue of $651.90 million during the quarter, compared to the consensus estimate of $676.79 million. Sell-side analysts expect that Fidelis Insurance will post 3.12 EPS for the current year.

Institutional Investors Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently made changes to their positions in the business. North Capital Inc. bought a new stake in Fidelis Insurance during the 2nd quarter worth approximately $33,000. Focus Partners Wealth purchased a new position in Fidelis Insurance during the third quarter worth about $77,000. Ameritas Investment Partners Inc. lifted its position in shares of Fidelis Insurance by 15.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock worth $101,000 after buying an additional 810 shares in the last quarter. CWM LLC increased its position in shares of Fidelis Insurance by 444.4% during 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 lifted 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 acquiring an additional 2,885 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

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.