Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Fidelis Insurance Holdings Limited (NYSE:FIHL) received an average recommendation of "Hold" from a consensus of seven analysts, with one rating it as a sell, two as hold, and four as buy.
• The company's recent earnings report showed a revenue of $658.4 million, surpassing analyst estimates of $578.57 million, and it posted a loss of ($0.41) earnings per share.
• Analysts have varying price targets for Fidelis Insurance, with JMP Securities setting the highest target at $27.00, reflecting a positive outlook on the company's performance.

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) has been given an average rating of "Hold" by the seven ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $20.6667.

FIHL has been the subject of several recent analyst reports. Citigroup reaffirmed an "outperform" rating on shares of Fidelis Insurance in a research report on Friday, May 16th. JMP Securities lifted their price target on Fidelis Insurance from $24.00 to $27.00 and gave the stock a "market outperform" rating in a research report on Friday, May 16th. Barclays lifted their price target on Fidelis Insurance from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Finally, Keefe, Bruyette & Woods lifted their price target on Fidelis Insurance from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st.

Fidelis Insurance Stock Down 3.5%

Fidelis Insurance stock traded down $0.60 on Tuesday, hitting $16.52. 121,882 shares of the stock traded hands, compared to its average volume of 644,716. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.83 billion, a P/E ratio of -40.29 and a beta of 0.25. The business's fifty day simple moving average is $16.14 and its 200 day simple moving average is $16.16. Fidelis Insurance has a 1 year low of $14.17 and a 1 year high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.24. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $604.62 million. Fidelis Insurance had a negative return on equity of 1.78% and a negative net margin of 1.70%. As a group, sell-side analysts forecast that Fidelis Insurance will post 3.12 earnings per share for the current year.

Institutional Investors Weigh In On Fidelis Insurance

Large investors have recently made changes to their positions in the company. Cooperman Leon G grew its stake in shares of Fidelis Insurance by 27.5% during the 1st quarter. Cooperman Leon G now owns 4,799,778 shares of the company's stock valued at $77,756,000 after acquiring an additional 1,036,019 shares during the period. American Century Companies Inc. grew its stake in shares of Fidelis Insurance by 6.9% during the 1st quarter. American Century Companies Inc. now owns 3,825,159 shares of the company's stock valued at $61,968,000 after acquiring an additional 248,141 shares during the period. Wellington Management Group LLP grew its stake in shares of Fidelis Insurance by 4.5% during the 1st quarter. Wellington Management Group LLP now owns 3,386,797 shares of the company's stock valued at $54,866,000 after acquiring an additional 146,116 shares during the period. LSV Asset Management grew its stake in shares of Fidelis Insurance by 23.3% during the 2nd quarter. LSV Asset Management now owns 3,119,180 shares of the company's stock valued at $51,716,000 after acquiring an additional 589,985 shares during the period. Finally, Zimmer Partners LP bought a new position in shares of Fidelis Insurance during the 4th quarter valued at approximately $31,991,000. 81.99% of the stock is currently owned by institutional investors.

About Fidelis Insurance

Fidelis Insurance Holdings Limited, a specialty insurer, provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom. It operates in three segments: Specialty, Reinsurance, and Bespoke segments. The Specialty segment offers aviation and aerospace, energy, marine, property direct and facultative, and other specialty risk solutions.