Fidelis Insurance (NYSE:FIHL) Reaches New 52-Week High on Analyst Upgrade

Fidelis Insurance Holdings Limited (NYSE:FIHL)’s stock price hit a new 52-week high during mid-day trading on Tuesday after Keefe, Bruyette & Woods raised their price target on the stock from $24.00 to $26.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Fidelis Insurance traded as high as $20.50 and last traded at $20.07, with a volume of 528439 shares. The stock had previously closed at $20.04.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group set a $17.50 price target on shares of Fidelis Insurance in a report on Saturday, January 17th. JPMorgan Chase & Co. reaffirmed 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 objective on shares of Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Wall Street Zen cut shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Finally, Evercore set a $21.00 price target on shares of Fidelis Insurance in a report on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.21.

Hedge Funds Weigh In On Fidelis Insurance

A number of large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Fidelis Insurance in the fourth quarter valued at about $216,000. Empowered Funds LLC lifted its stake in Fidelis Insurance by 3.6% in the 4th quarter. Empowered Funds LLC now owns 483,245 shares of the company’s stock valued at $9,457,000 after buying an additional 16,569 shares in the last quarter. XTX Topco Ltd acquired a new stake in Fidelis Insurance in the 4th quarter worth about $2,529,000. Voloridge Investment Management LLC boosted its holdings in Fidelis Insurance by 246.7% in the 4th quarter. Voloridge Investment Management LLC now owns 260,498 shares of the company’s stock worth $5,098,000 after buying an additional 185,365 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in Fidelis Insurance during the 4th quarter worth approximately $1,067,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Stock Up 0.1%

The firm has a market cap of $2.22 billion, a price-to-earnings ratio of -401.40 and a beta of 0.25. The business has a fifty day simple moving average of $19.25 and a 200 day simple moving average of $18.44. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.74 and a quick ratio of 0.74.

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 16th will be issued a $0.15 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.60 dividend on an annualized basis and a yield of 3.0%. Fidelis Insurance’s dividend payout ratio (DPR) is presently -1,200.00%.

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.