JPMorgan Chase & Co. Reiterates “Underweight” Rating for Fidelis Insurance (NYSE:FIHL)

Fidelis Insurance (NYSE:FIHL)‘s stock had its “underweight” rating reiterated by analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday,Benzinga reports. They currently have a $21.00 price target on the stock, up from their previous price target of $19.00. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 9.01% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on FIHL. 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. UBS Group lifted their target price on shares of Fidelis Insurance from $23.00 to $24.00 and gave the company a “buy” rating in a report on Monday, November 17th. Wall Street Zen lowered Fidelis Insurance from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Fidelis Insurance in a research note on Monday, December 29th. Finally, Zacks Research raised Fidelis Insurance from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.71.

Fidelis Insurance Price Performance

FIHL stock opened at $19.27 on Wednesday. Fidelis Insurance has a 52-week low of $14.17 and a 52-week high of $19.83. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of -385.30 and a beta of 0.24. The business has a fifty day moving average of $18.89 and a two-hundred day moving average of $17.66.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings results on Wednesday, November 12th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02. The business had revenue of $651.90 million during the quarter, compared to analysts’ expectations of $676.79 million. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%. As a group, research analysts anticipate that Fidelis Insurance will post 3.12 earnings per share for the current year.

Institutional Trading of Fidelis Insurance

A number of large investors have recently modified their holdings of the stock. North Capital Inc. purchased a new position in Fidelis Insurance in the second quarter valued at $33,000. Focus Partners Wealth acquired a new stake in Fidelis Insurance in the 3rd quarter valued at about $77,000. Ameritas Investment Partners Inc. raised its position in Fidelis Insurance by 15.3% in 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 boosted its stake in shares of Fidelis Insurance by 444.4% in the 2nd quarter. CWM LLC now owns 7,131 shares of the company’s stock valued at $118,000 after buying an additional 5,821 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Fidelis Insurance by 58.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock worth $129,000 after buying an additional 2,885 shares in the last quarter. Hedge funds and other institutional investors 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.