Fidelis Insurance (NYSE:FIHL) Reaches New 12-Month High – Still a Buy?

Fidelis Insurance Holdings Limited (NYSE:FIHL)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.12 and last traded at $19.95, with a volume of 281671 shares changing hands. The stock had previously closed at $19.65.

Analysts Set New Price Targets

FIHL has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelis Insurance in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $21.00 price objective (up from $19.00) on shares of Fidelis Insurance in a report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Fidelis Insurance from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.93.

Fidelis Insurance Stock Up 1.5%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74. The stock’s 50-day moving average price is $19.18 and its two-hundred day moving average price is $18.33. The stock has a market capitalization of $2.21 billion, a PE ratio of -399.00 and a beta of 0.25.

Institutional Trading of Fidelis Insurance

A number of hedge funds have recently made changes to their positions in FIHL. Royal Bank of Canada grew its stake in shares of Fidelis Insurance by 62.1% in the 1st quarter. Royal Bank of Canada now owns 15,988 shares of the company’s stock worth $258,000 after buying an additional 6,124 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Fidelis Insurance by 41.2% in the first quarter. AQR Capital Management LLC now owns 74,025 shares of the company’s stock worth $1,199,000 after acquiring an additional 21,590 shares in the last quarter. Millennium Management LLC grew its stake in shares of Fidelis Insurance by 4.0% in the first quarter. Millennium Management LLC now owns 859,192 shares of the company’s stock worth $13,919,000 after acquiring an additional 33,420 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Fidelis Insurance by 55.6% during the first quarter. Goldman Sachs Group Inc. now owns 896,089 shares of the company’s stock valued at $14,517,000 after acquiring an additional 320,242 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Fidelis Insurance by 177.3% in the 1st quarter. Jane Street Group LLC now owns 103,332 shares of the company’s stock worth $1,674,000 after purchasing an additional 66,063 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.