Fidelis Insurance (NYSE:FIHL) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Fidelis Insurance (NYSE:FIHL) issued its quarterly earnings results on Wednesday. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.19, FiscalAI reports. Fidelis Insurance had a return on equity of 8.62% and a net margin of 9.02%.The company had revenue of $610.60 million during the quarter, compared to analysts’ expectations of $903.16 million.

Fidelis Insurance Stock Up 15.9%

Fidelis Insurance stock traded up $3.22 during mid-day trading on Friday, reaching $23.46. The stock had a trading volume of 1,048,250 shares, compared to its average volume of 358,382. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74. Fidelis Insurance has a fifty-two week low of $14.80 and a fifty-two week high of $21.50. The stock’s 50-day simple moving average is $19.80 and its 200-day simple moving average is $19.29. The firm has a market capitalization of $2.27 billion, a PE ratio of 10.62 and a beta of 0.36.

Fidelis Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Fidelis Insurance’s dividend payout ratio (DPR) is 27.15%.

Analyst Ratings Changes

Several equities research analysts recently commented on FIHL shares. The Goldman Sachs Group set a $17.50 target price on Fidelis Insurance in a research note on Saturday, January 17th. Weiss Ratings raised Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 6th. Barclays raised their target price on Fidelis Insurance from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Wall Street Zen cut Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Finally, Keefe, Bruyette & Woods raised their target price on Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $22.64.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Fidelis Insurance by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,787,134 shares of the company’s stock valued at $54,545,000 after purchasing an additional 163,628 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of Fidelis Insurance by 2.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,288,824 shares of the company’s stock valued at $25,222,000 after purchasing an additional 34,066 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Fidelis Insurance by 24.3% in the third quarter. Balyasny Asset Management L.P. now owns 960,663 shares of the company’s stock valued at $17,436,000 after purchasing an additional 187,899 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Fidelis Insurance by 113.9% in the third quarter. Millennium Management LLC now owns 924,380 shares of the company’s stock valued at $16,777,000 after purchasing an additional 492,253 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Fidelis Insurance by 55.6% in the first quarter. Goldman Sachs Group Inc. now owns 896,089 shares of the company’s stock valued at $14,517,000 after purchasing an additional 320,242 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance announced that its Board of Directors has approved a share buyback plan on Friday, February 20th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to buy up to 18% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

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.