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

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

Several research firms have commented on FIHL. Evercore ISI set a $21.00 price objective on shares of Fidelis Insurance in a report on Wednesday, January 7th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $21.00 price target (up from $19.00) on shares of Fidelis Insurance in a research report on Wednesday, January 7th. Barclays increased their price objective on Fidelis Insurance from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. The Goldman Sachs Group set a $17.50 price target on Fidelis Insurance in a research report on Saturday, January 17th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Fidelis Insurance from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th.

Fidelis Insurance Trading Up 1.1%

Shares of FIHL stock opened at $19.26 on Tuesday. Fidelis Insurance has a 12-month low of $14.17 and a 12-month 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. The company has a 50 day moving average of $18.98 and a 200-day moving average of $18.02. The firm has a market cap of $2.13 billion, a P/E ratio of -385.16 and a beta of 0.25.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings data 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. The business had revenue of $651.90 million during the quarter, compared to analyst estimates of $676.79 million. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%. Sell-side analysts anticipate that Fidelis Insurance will post 3.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FIHL. Royce & Associates LP raised its position in shares of 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 buying an additional 1,525,868 shares in the last quarter. Cooperman Leon G grew its holdings in shares of Fidelis Insurance by 14.8% during the third quarter. Cooperman Leon G now owns 6,662,469 shares of the company’s stock worth $120,924,000 after purchasing an additional 856,413 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Fidelis Insurance by 332.5% in the second 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 during the last quarter. LSV Asset Management raised its stake in Fidelis Insurance by 23.3% in 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 in the last quarter. Finally, Millennium Management LLC grew its stake in Fidelis Insurance by 113.9% in the 3rd quarter. Millennium Management LLC now owns 924,380 shares of the company’s stock worth $16,777,000 after buying an additional 492,253 shares in the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

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.