Fidelis Insurance (NYSE:FIHL) Sets New 52-Week High – Should You Buy?

Fidelis Insurance Holdings Limited (NYSE:FIHL)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $19.83 and last traded at $19.5050, with a volume of 257385 shares traded. The stock had previously closed at $19.62.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Evercore ISI lifted their price target on Fidelis Insurance from $19.00 to $20.00 and gave the stock an “in-line” rating in a research note on Thursday, November 13th. Zacks Research raised shares of Fidelis Insurance from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 11th. The Goldman Sachs Group upped their price target on shares of Fidelis Insurance from $16.50 to $17.00 and gave the company a “sell” rating in a research report on Wednesday, November 19th. Wall Street Zen upgraded shares of Fidelis Insurance from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelis Insurance in a research note on Monday. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.14.

Fidelis Insurance Price Performance

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 stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -392.60 and a beta of 0.25. The stock’s 50 day simple moving average is $18.76 and its 200-day simple moving average is $17.54.

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, beating analysts’ consensus estimates of $1.19 by $0.02. The business 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, analysts expect that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.1%. Fidelis Insurance’s payout ratio is currently -1,200.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. North Capital Inc. bought a new stake in Fidelis Insurance during the second quarter worth approximately $33,000. Focus Partners Wealth bought a new stake in shares of Fidelis Insurance during the 3rd quarter worth $77,000. Ameritas Investment Partners Inc. grew its stake 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 buying an additional 810 shares during the last quarter. CWM LLC raised its holdings in Fidelis Insurance by 444.4% in 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 during the period. Finally, Tower Research Capital LLC TRC raised its holdings in 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 acquiring an additional 2,885 shares during the period. 81.99% of the stock is owned by 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.