Fidelis Insurance (NYSE:FIHL) Releases Earnings Results, Beats Estimates By $0.13 EPS

Fidelis Insurance (NYSE:FIHL) released its earnings results on Wednesday. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.13, FiscalAI reports. The company had revenue of $600.90 million during the quarter, compared to the consensus estimate of $756.14 million. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%.

Fidelis Insurance Trading Down 0.2%

NYSE FIHL traded down $0.04 on Wednesday, hitting $20.05. The company’s stock had a trading volume of 391,415 shares, compared to its average volume of 370,657. The firm has a market cap of $2.22 billion, a P/E ratio of -400.94 and a beta of 0.25. Fidelis Insurance has a 52-week low of $14.30 and a 52-week high of $20.50. The company’s 50-day simple moving average is $19.27 and its 200 day simple moving average is $18.47. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 16th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.60 dividend on an annualized basis and a yield of 3.0%. Fidelis Insurance’s dividend payout ratio is presently -1,200.00%.

Analyst Ratings Changes

Several research analysts have commented on FIHL shares. UBS Group boosted their price objective on shares of Fidelis Insurance from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, November 17th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 price target (up from $19.00) on shares of Fidelis Insurance in a research note on Wednesday, January 7th. Evercore set a $21.00 price target on shares of Fidelis Insurance in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelis Insurance in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods increased their target price on Fidelis Insurance from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fidelis Insurance presently has a consensus rating of “Hold” and an average target price of $22.21.

Institutional Trading of Fidelis Insurance

Several large investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth purchased a new position in Fidelis Insurance during the 3rd quarter valued at $77,000. Tower Research Capital LLC TRC boosted its stake in shares of Fidelis Insurance by 58.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock valued at $129,000 after purchasing an additional 2,885 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Fidelis Insurance during the second quarter valued at about $169,000. Quadrant Capital Group LLC bought a new position in Fidelis Insurance in the third quarter worth about $193,000. Finally, State of Wyoming purchased a new stake in Fidelis Insurance in the fourth quarter worth about $214,000. 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.