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

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

FIHL has been the topic of several other research reports. Barclays upped their price target on Fidelis Insurance from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group boosted their target price on Fidelis Insurance from $16.50 to $17.00 and gave the stock a “sell” rating in a report on Wednesday, November 19th. 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 note on Monday, November 17th. Evercore ISI lifted their price target on Fidelis Insurance from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelis Insurance in a research note on Monday. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Fidelis Insurance presently has an average rating of “Hold” and a consensus target price of $21.14.

Fidelis Insurance Stock Down 1.5%

NYSE:FIHL opened at $19.17 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.74 and a quick ratio of 0.74. The firm’s 50-day moving average price is $18.57 and its 200-day moving average price is $17.42. The company has a market capitalization of $2.12 billion, a PE ratio of -383.40 and a beta of 0.25. Fidelis Insurance has a 1-year low of $14.17 and a 1-year high of $19.72.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $1.21 EPS 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 net margin of 0.56% and a negative return on equity of 0.94%. On average, equities analysts predict that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Fidelis Insurance

Several hedge funds and other institutional investors have recently bought and sold shares of FIHL. Cooperman Leon G boosted its holdings in shares of Fidelis Insurance by 14.8% during the 3rd quarter. Cooperman Leon G now owns 6,662,469 shares of the company’s stock valued at $120,924,000 after acquiring an additional 856,413 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Fidelis Insurance by 4.5% during the first quarter. Wellington Management Group LLP now owns 3,386,797 shares of the company’s stock valued at $54,866,000 after purchasing an additional 146,116 shares during the last quarter. LSV Asset Management lifted its position in Fidelis Insurance by 23.3% during the second quarter. LSV Asset Management now owns 3,119,180 shares of the company’s stock valued at $51,716,000 after purchasing an additional 589,985 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Fidelis Insurance by 16.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,623,506 shares of the company’s stock worth $47,612,000 after purchasing an additional 367,538 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in Fidelis Insurance by 2,333.5% in the third quarter. Royce & Associates LP now owns 1,591,259 shares of the company’s stock worth $28,881,000 after purchasing an additional 1,525,868 shares during 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.