Fidelis Insurance (NYSE:FIHL) Reaches New 12-Month High - Still a Buy?

Key Points

• Fidelis Insurance hit a new 52-week high of $21.50 intraday, and several analysts raised price targets or upgraded the stock (Keefe Bruyette & Woods to $26, UBS to $25, Weiss to Buy), though MarketBeat's consensus remains a Hold with an average target of $22.64.
• Operationally, Fidelis beat Q4 EPS estimates ($1.09 vs. $0.96) but missed on revenue, trades at a P/E of 9.62 with a $2.06B market cap, pays a $0.15 quarterly dividend (≈2.8% yield), and announced a $400M share repurchase program (up to 18% of shares).

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $21.50 and last traded at $21.30, with a volume of 42842 shares traded. The stock had previously closed at $21.13.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of Fidelis Insurance from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, February 23rd. UBS Group increased their price objective on shares of Fidelis Insurance from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Monday, March 9th. Evercore set a $21.00 target price on shares of Fidelis Insurance in a report on Wednesday, January 7th. The Goldman Sachs Group set a $17.50 target price on Fidelis Insurance in a research note on Saturday, January 17th. Finally, Weiss Ratings upgraded Fidelis Insurance from a "hold (c)" rating to a "buy (b)" rating in a research report on Friday, March 6th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Fidelis Insurance currently has an average rating of "Hold" and an average target price of $22.64.

Fidelis Insurance Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 9.62 and a beta of 0.23. The business's 50 day simple moving average is $19.63 and its 200-day simple moving average is $19.13.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.13. Fidelis Insurance had a return on equity of 8.62% and a net margin of 9.02%.The firm had revenue of $600.90 million for the quarter, compared to the consensus estimate of $756.14 million. Research analysts anticipate that Fidelis Insurance Holdings Limited will post 3.19 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 16th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, March 16th. Fidelis Insurance's payout ratio is 27.15%.

Fidelis Insurance declared that its Board of Directors has initiated a share repurchase plan on Friday, February 20th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to purchase up to 18% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FIHL. Franklin Resources Inc. boosted its stake in shares of Fidelis Insurance by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 95,806 shares of the company's stock worth $1,875,000 after acquiring an additional 521 shares in the last quarter. Advisory Services Network LLC grew its holdings in Fidelis Insurance by 2.7% during the second quarter. Advisory Services Network LLC now owns 33,472 shares of the company's stock valued at $506,000 after purchasing an additional 882 shares during the last quarter. Optimize Financial Inc grew its holdings in Fidelis Insurance by 5.5% during the third quarter. Optimize Financial Inc now owns 25,916 shares of the company's stock valued at $470,000 after purchasing an additional 1,344 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its position in shares of Fidelis Insurance by 2.4% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 75,471 shares of the company's stock valued at $1,370,000 after purchasing an additional 1,763 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Fidelis Insurance by 20.8% in the third quarter. First Trust Advisors LP now owns 12,316 shares of the company's stock worth $224,000 after buying an additional 2,119 shares during the last quarter. 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.

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