Fidelis Insurance (NYSE:FIHL) Sets New 52-Week High – Here’s What Happened

Fidelis Insurance Holdings Limited (NYSE:FIHL)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $20.00 and last traded at $19.89, with a volume of 16764 shares traded. The stock had previously closed at $19.72.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their price target on Fidelis Insurance from $23.00 to $24.00 and gave the company a “buy” rating in a report on Monday, November 17th. Keefe, Bruyette & Woods raised their price target on shares of Fidelis Insurance from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Evercore set a $21.00 price objective on shares of Fidelis Insurance in a research report on Wednesday, January 7th. Wall Street Zen cut shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a report on Sunday. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $21.00 target price (up from $19.00) 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 issued a Sell rating to the company. According to data from MarketBeat, Fidelis Insurance has a consensus rating of “Hold” and an average target price of $21.93.

Fidelis Insurance Stock Performance

The company has a 50 day moving average price of $19.05 and a 200-day moving average price of $18.17. 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 $2.20 billion, a P/E ratio of -397.20 and a beta of 0.25.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Wednesday, November 12th. The company reported $1.21 earnings per share (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 firm had revenue of $651.90 million during the quarter, compared to analyst estimates of $676.79 million. Equities analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of Fidelis Insurance by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 95,806 shares of the company’s stock worth $1,875,000 after buying an additional 521 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Fidelis Insurance by 15.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock valued at $101,000 after acquiring an additional 810 shares during the last quarter. Advisory Services Network LLC lifted its holdings in 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 acquiring an additional 882 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Fidelis Insurance by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 60,344 shares of the company’s stock valued at $1,001,000 after purchasing an additional 998 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Fidelis Insurance by 0.3% in the 2nd quarter. Empowered Funds LLC now owns 443,779 shares of the company’s stock worth $7,358,000 after purchasing an additional 1,209 shares during the last quarter. 81.99% of the stock is owned by 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.