Fidelis Insurance (NYSE:FIHL) Releases Earnings Results, Beats Expectations By $0.19 EPS

Fidelis Insurance (NYSE:FIHL) issued its quarterly earnings results on Wednesday. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.75 by $0.19, FiscalAI reports. The business had revenue of $610.60 million for the quarter, compared to analysts’ expectations of $903.16 million. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%.

Fidelis Insurance Stock Performance

Shares of Fidelis Insurance stock traded down $0.36 on Wednesday, reaching $20.35. 560,700 shares of the company were exchanged, compared to its average volume of 358,382. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 9.21 and a beta of 0.36. Fidelis Insurance has a 1-year low of $14.80 and a 1-year high of $21.50. 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 company’s 50-day moving average is $19.78 and its two-hundred day moving average is $19.27.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.60 annualized dividend and a dividend yield of 2.9%. Fidelis Insurance’s dividend payout ratio is 27.15%.

Analysts Set New Price Targets

Several brokerages have issued reports on FIHL. Wall Street Zen cut Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Weiss Ratings upgraded Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, March 6th. Barclays upped their price target on Fidelis Insurance from $19.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods raised their price objective on Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Finally, UBS Group lifted their price objective on shares of Fidelis Insurance from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Fidelis Insurance has an average rating of “Hold” and a consensus target price of $22.64.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in Fidelis Insurance by 62.1% in the first quarter. Royal Bank of Canada now owns 15,988 shares of the company’s stock valued at $258,000 after buying an additional 6,124 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Fidelis Insurance by 41.2% during 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 during the last quarter. Millennium Management LLC increased its holdings in shares of Fidelis Insurance by 4.0% in the 1st 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 period. Goldman Sachs Group Inc. increased its holdings in shares of Fidelis Insurance by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 896,089 shares of the company’s stock worth $14,517,000 after acquiring an additional 320,242 shares during the period. Finally, Jane Street Group LLC lifted its position in Fidelis Insurance by 177.3% in the 1st quarter. Jane Street Group LLC now owns 103,332 shares of the company’s stock valued at $1,674,000 after purchasing an additional 66,063 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Fidelis Insurance declared that its board has approved a stock buyback plan on Friday, February 20th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to purchase up to 18% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management 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.