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

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

Several other equities research analysts also recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Fidelis Insurance from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Evercore ISI set a $21.00 target price on Fidelis Insurance in a report on Wednesday, January 7th. UBS Group raised their target price on Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $21.00 price target (up previously from $19.00) on shares of Fidelis Insurance in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group set a $17.50 price objective on Fidelis Insurance in a research note on Saturday, January 17th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.93.

Fidelis Insurance Trading Up 0.7%

NYSE:FIHL opened at $19.02 on Friday. The stock has a fifty 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 price-to-earnings ratio of -380.40 and a beta of 0.24. Fidelis Insurance has a 1-year low of $14.17 and a 1-year high of $19.83. 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 quarterly earnings data on Wednesday, November 12th. The company reported $1.21 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 company had revenue of $651.90 million during the quarter, compared to analyst estimates of $676.79 million. Sell-side analysts forecast that Fidelis Insurance will post 3.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FIHL. Ameritas Investment Partners Inc. raised its stake 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 purchasing an additional 810 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Fidelis Insurance by 2.7% in the 2nd quarter. Advisory Services Network LLC now owns 33,472 shares of the company’s stock valued at $506,000 after buying an additional 882 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Fidelis Insurance by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 60,344 shares of the company’s stock worth $1,001,000 after buying an additional 998 shares during the last quarter. Empowered Funds LLC raised its position in Fidelis Insurance by 0.3% during the second quarter. Empowered Funds LLC now owns 443,779 shares of the company’s stock valued at $7,358,000 after acquiring an additional 1,209 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in Fidelis Insurance by 1.7% in the third quarter. Wedge Capital Management L L P NC now owns 72,167 shares of the company’s stock valued at $1,310,000 after acquiring an additional 1,226 shares during the last quarter. Hedge funds and other institutional investors 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.