Fidelis Insurance (NYSE:FIHL) Rating Lowered to Hold at Wall Street Zen

Fidelis Insurance (NYSE:FIHL) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other analysts also recently commented on FIHL. Barclays raised their target price on Fidelis Insurance from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. UBS Group increased their price target on Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, November 17th. The Goldman Sachs Group raised their price objective on Fidelis Insurance from $16.50 to $17.00 and gave the company a “sell” rating in a research note on Wednesday, November 19th. Evercore ISI boosted their price objective on Fidelis Insurance from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 13th. Finally, Keefe, Bruyette & Woods cut their target price on Fidelis Insurance from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.14.

Fidelis Insurance Stock Performance

Shares of FIHL stock opened at $19.36 on Friday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -387.12 and a beta of 0.24. 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 firm has a 50 day moving average of $18.85 and a 200-day moving average of $17.61.

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

Hedge Funds Weigh In On Fidelis Insurance

Hedge funds have recently bought and sold shares of the company. Cooperman Leon G raised its holdings in shares of Fidelis Insurance by 14.8% in the third quarter. Cooperman Leon G now owns 6,662,469 shares of the company’s stock valued at $120,924,000 after purchasing an additional 856,413 shares during the last quarter. LSV Asset Management grew its position in Fidelis Insurance by 23.3% in the 2nd quarter. LSV Asset Management now owns 3,119,180 shares of the company’s stock worth $51,716,000 after purchasing an additional 589,985 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Fidelis Insurance by 16.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,623,506 shares of the company’s stock valued at $47,612,000 after buying an additional 367,538 shares during the last quarter. Royce & Associates LP lifted its position in shares of Fidelis Insurance by 2,333.5% during the 3rd 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. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Fidelis Insurance by 12.2% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,303,167 shares of the company’s stock worth $21,607,000 after buying an additional 142,089 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Fidelis Insurance Company Profile

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.