Fidelis Insurance (NYSE:FIHL) Issues Quarterly Earnings Results

Fidelis Insurance (NYSE:FIHL) released its earnings results on Wednesday. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.13, FiscalAI reports. The company had revenue of $978.20 million during the quarter, compared to the consensus estimate of $756.14 million. Fidelis Insurance had a negative net margin of 0.56% and a negative return on equity of 0.94%.

Fidelis Insurance Price Performance

Shares of Fidelis Insurance stock traded down $0.75 during trading on Thursday, hitting $19.36. The stock had a trading volume of 159,304 shares, compared to its average volume of 366,204. The business has a fifty day moving average of $19.28 and a two-hundred day moving average of $18.48. The firm has a market cap of $2.14 billion, a P/E ratio of -386.68 and a beta of 0.25. Fidelis Insurance has a fifty-two week low of $14.39 and a fifty-two week high of $20.50. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 16th 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 Monday, March 16th. Fidelis Insurance’s dividend payout ratio (DPR) is presently -1,200.00%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. reissued 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. Evercore set a $21.00 target price on Fidelis Insurance in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods upped their price target on Fidelis Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday. UBS Group lifted their price objective on shares of Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelis Insurance in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fidelis Insurance has a consensus rating of “Hold” and a consensus price target of $22.21.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FIHL. Millennium Management LLC increased its stake in Fidelis Insurance by 113.9% in the 3rd quarter. Millennium Management LLC now owns 924,380 shares of the company’s stock worth $16,777,000 after purchasing an additional 492,253 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Fidelis Insurance by 108.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 729,818 shares of the company’s stock worth $14,283,000 after purchasing an additional 380,352 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Fidelis Insurance by 16.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,623,506 shares of the company’s stock valued at $47,612,000 after acquiring an additional 367,538 shares in the last quarter. UBS Group AG raised its holdings in shares of Fidelis Insurance by 217.2% during the 3rd quarter. UBS Group AG now owns 476,349 shares of the company’s stock valued at $8,646,000 after purchasing an additional 326,153 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Fidelis Insurance by 442.9% during the third quarter. Russell Investments Group Ltd. now owns 338,976 shares of the company’s stock valued at $6,152,000 after buying an additional 276,541 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance declared that its Board of Directors has initiated a stock repurchase plan on Friday, February 20th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 18% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

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.