Fidelis Insurance (NYSE:FIHL) Issues Earnings Results

Fidelis Insurance (NYSE:FIHL) released its earnings results on Wednesday. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.13, FiscalAI reports. The firm had revenue of $600.90 million during the quarter, compared to the consensus estimate of $756.14 million. Fidelis Insurance had a negative net margin of 0.56% and a negative return on equity of 0.94%.

Fidelis Insurance Price Performance

NYSE FIHL traded down $0.04 during trading on Wednesday, reaching $20.05. The company’s stock had a trading volume of 391,415 shares, compared to its average volume of 370,657. The firm has a fifty day moving average of $19.27 and a 200 day moving average of $18.47. Fidelis Insurance has a one year low of $14.30 and a one year high of $20.50. The stock has a market capitalization of $2.22 billion, a PE ratio of -400.94 and a beta of 0.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.74 and a quick ratio of 0.74.

Fidelis Insurance Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have weighed in on FIHL. Evercore set a $21.00 price objective on Fidelis Insurance in a report on Wednesday, January 7th. Wall Street Zen lowered Fidelis Insurance from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Keefe, Bruyette & Woods boosted their price objective on Fidelis Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday. UBS Group lifted their target price on shares of Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Finally, JPMorgan Chase & Co. reissued 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. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Fidelis Insurance has an average rating of “Hold” and an average target price of $22.21.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FIHL. Focus Partners Wealth bought a new stake in Fidelis Insurance during the third quarter valued at approximately $77,000. Tower Research Capital LLC TRC lifted its holdings in shares of Fidelis Insurance by 58.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock worth $129,000 after acquiring an additional 2,885 shares during the last quarter. First Trust Advisors LP purchased a new position in Fidelis Insurance in the second quarter worth $169,000. Quadrant Capital Group LLC purchased a new position in Fidelis Insurance in the third quarter worth $193,000. Finally, State of Wyoming bought a new position in Fidelis Insurance in the fourth quarter valued at $214,000. 81.99% of the stock is currently 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.