Fidelis Insurance (NYSE:FIHL) Upgraded by Wall Street Zen to Buy Rating

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

FIHL has been the subject of several other reports. Evercore ISI increased their price objective on shares of Fidelis Insurance from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 13th. Keefe, Bruyette & Woods cut their price target on shares of Fidelis Insurance from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Zacks Research raised Fidelis Insurance from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 11th. Barclays boosted their price objective on Fidelis Insurance from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group raised their target price on Fidelis Insurance from $16.50 to $17.00 and gave the stock a “sell” rating in a research note on Wednesday, November 19th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has 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 $21.14.

Fidelis Insurance Trading Down 1.5%

Shares of FIHL stock opened at $19.17 on Friday. Fidelis Insurance has a 1-year low of $14.17 and a 1-year high of $19.72. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of -383.40 and a beta of 0.25. The stock has a 50-day moving average of $18.57 and a 200-day moving average of $17.42.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Wednesday, November 12th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.19 by $0.02. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%.The business had revenue of $651.90 million for the quarter, compared to analysts’ expectations of $676.79 million. On average, equities research analysts forecast that Fidelis Insurance will post 3.12 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Wednesday, December 10th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, December 10th. Fidelis Insurance’s dividend payout ratio is -1,200.00%.

Institutional Investors Weigh In On Fidelis Insurance

A number of hedge funds have recently added to or reduced their stakes in FIHL. North Capital Inc. bought a new stake in shares of Fidelis Insurance during the second quarter valued at approximately $33,000. Focus Partners Wealth bought a new stake in Fidelis Insurance during the 3rd quarter valued at $77,000. Ameritas Investment Partners Inc. increased its stake in Fidelis Insurance by 15.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock valued at $101,000 after purchasing an additional 810 shares in the last quarter. CWM LLC raised its holdings in Fidelis Insurance by 444.4% during the second quarter. CWM LLC now owns 7,131 shares of the company’s stock worth $118,000 after buying an additional 5,821 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Fidelis Insurance by 58.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock valued at $129,000 after buying an additional 2,885 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

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.