Fidelis Insurance (NYSE:FIHL) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Fidelis Insurance (NYSE:FIHL) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other equities research analysts have also issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelis Insurance in a research note on Monday, December 29th. Evercore ISI set a $21.00 price target on Fidelis Insurance in a report on Wednesday, January 7th. JPMorgan Chase & Co. reaffirmed 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. UBS Group boosted their target price on shares of Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Finally, Keefe, Bruyette & Woods upped their price target on Fidelis Insurance from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Fidelis Insurance has a consensus rating of “Hold” and an average target price of $21.93.

Fidelis Insurance Stock Performance

Shares of NYSE FIHL opened at $19.02 on Friday. Fidelis Insurance has a 52-week low of $14.17 and a 52-week high of $19.83. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of -380.40 and a beta of 0.24. 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 stock’s fifty day simple moving average is $18.97 and its 200 day simple moving average is $17.98.

Fidelis Insurance (NYSE:FIHL) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02. The firm had revenue of $651.90 million for the quarter, compared to analysts’ expectations of $676.79 million. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%. As a group, sell-side analysts forecast that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, December 10th. Fidelis Insurance’s dividend payout ratio is presently -1,200.00%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FIHL. Creative Planning boosted its stake in shares of Fidelis Insurance by 379.6% in the 2nd quarter. Creative Planning now owns 68,411 shares of the company’s stock valued at $1,134,000 after purchasing an additional 54,146 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Fidelis Insurance by 332.5% in the second 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. Stephens Inc. AR acquired a new position in Fidelis Insurance in the third quarter valued at approximately $3,311,000. Panagora Asset Management Inc. bought a new position in Fidelis Insurance in the second quarter valued at approximately $1,808,000. Finally, Geode Capital Management LLC grew its holdings in Fidelis Insurance by 21.5% during the 2nd quarter. Geode Capital Management LLC now owns 736,920 shares of the company’s stock worth $12,218,000 after acquiring an additional 130,170 shares during the period. Institutional investors own 81.99% of the company’s stock.

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.