Fidelis Insurance (NYSE:FIHL) Lowered to “Hold” Rating by Wall Street Zen

Fidelis Insurance (NYSE:FIHL) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

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

Fidelis Insurance Price Performance

Shares of NYSE FIHL opened at $19.42 on Friday. The stock has a market cap of $2.15 billion, a P/E ratio of -388.30 and a beta of 0.25. Fidelis Insurance has a fifty-two week low of $14.17 and a fifty-two week high of $19.83. The firm’s 50-day simple moving average is $19.01 and its 200 day simple moving average is $18.10. 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 posted its earnings results on Wednesday, November 12th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $676.79 million. Equities analysts expect that Fidelis Insurance will post 3.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning increased its stake in Fidelis Insurance by 379.6% during the second quarter. Creative Planning now owns 68,411 shares of the company’s stock valued at $1,134,000 after acquiring an additional 54,146 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Fidelis Insurance by 332.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 937,527 shares of the company’s stock worth $15,544,000 after purchasing an additional 720,734 shares in the last quarter. Stephens Inc. AR bought a new stake in shares of Fidelis Insurance during the third quarter valued at approximately $3,311,000. Panagora Asset Management Inc. acquired a new position in shares of Fidelis Insurance in the second quarter valued at $1,808,000. Finally, Loomis Sayles & Co. L P raised its stake in shares of Fidelis Insurance by 12.2% in the second quarter. Loomis Sayles & Co. L P now owns 1,303,167 shares of the company’s stock valued at $21,607,000 after purchasing an additional 142,089 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.