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Fidelis Insurance Holdings Limited (NYSE:FIHL) Given Average Recommendation of "Hold" by Brokerages

Fidelis Insurance logo with Finance background

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.
  • Want stock alerts on Fidelis Insurance? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) has been assigned a consensus rating of "Hold" from the seven analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $20.6667.

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

View Our Latest Report on Fidelis Insurance

Fidelis Insurance Price Performance

Shares of NYSE:FIHL opened at $16.78 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.86 billion, a PE ratio of -129.10 and a beta of 0.25. Fidelis Insurance has a twelve month low of $14.17 and a twelve month high of $21.32. The company has a 50-day moving average price of $16.17 and a two-hundred day moving average price of $16.14.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.41) earnings per share for the quarter, topping analysts' consensus estimates of ($0.43) by $0.02. Fidelis Insurance had a negative net margin of 0.41% and a positive return on equity of 0.20%. The firm had revenue of $658.40 million during the quarter, compared to analyst estimates of $578.57 million. Equities analysts forecast that Fidelis Insurance will post 3.12 EPS for the current year.

Institutional Investors Weigh In On Fidelis Insurance

A number of institutional investors and hedge funds have recently bought and sold shares of FIHL. North Capital Inc. purchased a new stake in Fidelis Insurance in the second quarter valued at approximately $33,000. Garde Capital Inc. purchased a new position in shares of Fidelis Insurance during the first quarter worth approximately $62,000. GAMMA Investing LLC raised its stake in shares of Fidelis Insurance by 1,267.3% during the first quarter. GAMMA Investing LLC now owns 4,471 shares of the company's stock worth $72,000 after acquiring an additional 4,144 shares in the last quarter. CWM LLC raised its stake in shares of Fidelis Insurance by 444.4% during the second quarter. CWM LLC now owns 7,131 shares of the company's stock worth $118,000 after acquiring an additional 5,821 shares in the last quarter. Finally, EMC Capital Management purchased a new position in shares of Fidelis Insurance during the second quarter worth approximately $131,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Fidelis Insurance Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Fidelis Insurance (NYSE:FIHL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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