Fidelis Insurance (NYSE:FIHL) Reaches New 52-Week High – Here’s What Happened

Fidelis Insurance Holdings Limited (NYSE:FIHL) reached a new 52-week high on Thursday . The stock traded as high as $20.00 and last traded at $19.89, with a volume of 16764 shares changing hands. The stock had previously closed at $19.72.

Analysts Set New Price Targets

FIHL has been the subject of a number of analyst reports. Evercore set a $21.00 target price on shares of Fidelis Insurance in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelis Insurance in a research report on Monday, December 29th. UBS Group raised their price objective on shares of Fidelis Insurance from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Keefe, Bruyette & Woods increased their price target on shares of Fidelis Insurance from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Finally, The Goldman Sachs Group set a $17.50 price target on Fidelis Insurance in a research report on Saturday, January 17th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.93.

Fidelis Insurance Trading Up 0.6%

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.74 and a quick ratio of 0.74. The business’s 50-day simple moving average is $19.05 and its two-hundred day simple moving average is $18.17. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -397.20 and a beta of 0.25.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. North Capital Inc. acquired a new stake in Fidelis Insurance during the 2nd quarter valued at approximately $33,000. Focus Partners Wealth acquired a new stake in Fidelis Insurance in the third quarter valued at $77,000. Ameritas Investment Partners Inc. boosted 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 acquiring an additional 810 shares during the last quarter. CWM LLC grew its holdings in Fidelis Insurance by 444.4% during the 2nd quarter. CWM LLC now owns 7,131 shares of the company’s stock worth $118,000 after acquiring an additional 5,821 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Fidelis Insurance by 58.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock worth $129,000 after purchasing an additional 2,885 shares during 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.