Fidelis Insurance (FIHL) Set to Announce Earnings on Monday

Fidelis Insurance (NYSE:FIHL) is scheduled to release its earnings data after the market closes on Monday, November 20th. Analysts expect Fidelis Insurance to post earnings of $0.81 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Tuesday, August 22nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $453.20 million during the quarter, compared to the consensus estimate of $459.00 million. On average, analysts expect Fidelis Insurance to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Fidelis Insurance Price Performance

Shares of FIHL opened at $13.94 on Friday. Fidelis Insurance has a 52-week low of $12.60 and a 52-week high of $15.30. The firm has a 50-day moving average of $14.34.

Hedge Funds Weigh In On Fidelis Insurance

Hedge funds have recently added to or reduced their stakes in the company. BROOKFIELD Corp ON bought a new position in shares of Fidelis Insurance in the second quarter valued at approximately $5,328,000. Sei Investments Co. increased its position in Fidelis Insurance by 17.0% during the third quarter. Sei Investments Co. now owns 249,067 shares of the company’s stock worth $3,656,000 after acquiring an additional 36,259 shares during the period. Rokos Capital Management LLP bought a new position in Fidelis Insurance during the second quarter worth $2,748,000. Marshall Wace LLP acquired a new stake in Fidelis Insurance during the second quarter worth $2,569,000. Finally, Barclays PLC acquired a new stake in Fidelis Insurance during the second quarter worth $1,965,000. Institutional investors and hedge funds own 39.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FIHL. JPMorgan Chase & Co. began coverage on shares of Fidelis Insurance in a report on Thursday, July 27th. They issued an “overweight” rating and a $16.50 price target for the company. Barclays started coverage on Fidelis Insurance in a report on Monday, July 24th. They issued an “equal weight” rating and a $15.00 target price on the stock. Jefferies Financial Group upped their target price on Fidelis Insurance from $15.00 to $16.00 and gave the company a “hold” rating in a report on Friday, October 6th. BMO Capital Markets upped their target price on Fidelis Insurance from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Wednesday, August 30th. Finally, Citigroup started coverage on Fidelis Insurance in a report on Monday, July 24th. They issued a “buy” rating and a $18.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.31.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products in Bermuda, 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.