Fidelis Insurance (NYSE:FIHL) Sets New 1-Year High on Analyst Upgrade

Fidelis Insurance Holdings Limited (NYSE:FIHL)’s share price reached 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 analysts have also recently issued research reports about the stock. The Goldman Sachs Group set a $17.50 price objective on shares of Fidelis Insurance in a research note on Saturday, January 17th. UBS Group boosted their target price on Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelis Insurance in a report on Monday, December 29th. Wall Street Zen downgraded Fidelis Insurance from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $21.00 price objective (up previously from $19.00) on shares of Fidelis Insurance in a research note on Wednesday, January 7th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Fidelis Insurance has a consensus rating of “Hold” and a consensus price target of $22.21.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FIHL. Royce & Associates LP raised its position 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 valued at $28,881,000 after purchasing an additional 1,525,868 shares during the period. LSV Asset Management grew its holdings in shares of Fidelis Insurance by 46.1% during the 4th quarter. LSV Asset Management now owns 4,377,732 shares of the company’s stock worth $85,672,000 after purchasing an additional 1,382,352 shares during the period. Cooperman Leon G increased its position 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 worth $120,924,000 after purchasing an additional 856,413 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Fidelis Insurance by 332.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 937,527 shares of the company’s stock valued at $15,544,000 after buying an additional 720,734 shares during the period. Finally, Millennium Management LLC raised its holdings in Fidelis Insurance by 113.9% in the 3rd quarter. Millennium Management LLC now owns 924,380 shares of the company’s stock valued at $16,777,000 after buying an additional 492,253 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Fidelis Insurance Price Performance

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 market cap of $2.22 billion, a price-to-earnings ratio of -401.40 and a beta of 0.25. The stock’s 50-day simple moving average is $19.25 and its 200 day simple moving average is $18.44.

Fidelis Insurance Dividend Announcement

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

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.