Weiss Ratings Reaffirms "Hold (C-)" Rating for Fidelis Insurance (NYSE:FIHL)

Fidelis Insurance (NYSE:FIHL - Get Free Report)'s stock had its "hold (c-)" rating restated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Fidelis Insurance from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Zacks Research upgraded shares of Fidelis Insurance from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 11th. Barclays upped their price objective on shares of Fidelis Insurance from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Evercore ISI reiterated a "mixed" rating on shares of Fidelis Insurance in a research report on Wednesday, October 1st. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $20.71.

Fidelis Insurance Price Performance

Shares of NYSE:FIHL opened at $18.68 on Wednesday. The firm has a 50 day moving average of $17.23 and a 200-day moving average of $16.65. The stock has a market capitalization of $2.07 billion, a PE ratio of -45.56 and a beta of 0.28. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. Fidelis Insurance has a 12 month low of $14.17 and a 12 month high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.24. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $604.62 million. Fidelis Insurance had a negative net margin of 1.70% and a negative return on equity of 1.81%. On average, equities research analysts predict that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Fidelis Insurance

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIHL. GAMMA Investing LLC increased its position in Fidelis Insurance by 1,267.3% in the 1st quarter. GAMMA Investing LLC now owns 4,471 shares of the company's stock valued at $72,000 after acquiring an additional 4,144 shares during the period. SG Americas Securities LLC increased its position in Fidelis Insurance by 342.2% in the 1st quarter. SG Americas Securities LLC now owns 73,471 shares of the company's stock valued at $1,190,000 after acquiring an additional 56,857 shares during the period. Garde Capital Inc. acquired a new position in Fidelis Insurance in the 1st quarter valued at approximately $62,000. Joel Isaacson & Co. LLC acquired a new position in Fidelis Insurance in the 1st quarter valued at approximately $315,000. Finally, Kendall Capital Management increased its position in Fidelis Insurance by 22.1% in the 1st quarter. Kendall Capital Management now owns 55,515 shares of the company's stock valued at $899,000 after acquiring an additional 10,055 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Fidelis Insurance Company Profile

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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