Fidelis Insurance’s (FIHL) “Underweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of Fidelis Insurance (NYSE:FIHL) in a research report sent to investors on Wednesday morning, MarketBeat.com reports. They currently have a $21.00 target price on the stock, up from their previous target price of $19.00.

A number of other brokerages have also recently issued reports on FIHL. Keefe, Bruyette & Woods upped their price objective on shares of Fidelis Insurance from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday. The Goldman Sachs Group increased their price objective on Fidelis Insurance from $16.50 to $17.00 and gave the company a “sell” rating in a report on Wednesday, November 19th. Zacks Research raised Fidelis Insurance from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 11th. Evercore ISI lifted their price target on shares of Fidelis Insurance from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 13th. Finally, Wall Street Zen downgraded shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. 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. According to MarketBeat.com, Fidelis Insurance has an average rating of “Hold” and an average price target of $22.00.

Fidelis Insurance Stock Down 1.2%

FIHL opened at $19.04 on Wednesday. The company has a market capitalization of $2.11 billion, a PE ratio of -380.70 and a beta of 0.24. 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 has a fifty-two week low of $14.17 and a fifty-two week high of $19.83. The business has a 50-day moving average of $18.97 and a 200-day moving average of $17.70.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data on Wednesday, November 12th. The company reported $1.21 EPS 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 the consensus estimate of $676.79 million. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%. Equities research analysts forecast that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Royce & Associates LP grew its position in Fidelis Insurance by 2,333.5% during the third quarter. Royce & Associates LP now owns 1,591,259 shares of the company’s stock worth $28,881,000 after buying an additional 1,525,868 shares in the last quarter. Cooperman Leon G grew its holdings in shares of Fidelis Insurance by 14.8% during the 3rd quarter. Cooperman Leon G now owns 6,662,469 shares of the company’s stock worth $120,924,000 after purchasing an additional 856,413 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Fidelis Insurance by 332.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 937,527 shares of the company’s stock worth $15,544,000 after purchasing an additional 720,734 shares in the last quarter. LSV Asset Management increased its position in shares of Fidelis Insurance by 23.3% during the second quarter. LSV Asset Management now owns 3,119,180 shares of the company’s stock valued at $51,716,000 after purchasing an additional 589,985 shares during the period. Finally, Millennium Management LLC raised its stake 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. Institutional investors and hedge funds 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.