IPO Year: 2023
Exchange: NYSE
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/17/2024 | $18.50 | Neutral | Goldman |
9/5/2024 | $21.00 | Equal Weight | Barclays |
7/17/2024 | $19.00 | In-line | Evercore ISI |
1/8/2024 | $16.50 → $15.00 | Overweight → Neutral | JP Morgan |
7/27/2023 | $16.50 | Overweight | JP Morgan |
7/25/2023 | $15.00 | Market Perform | BMO Capital Markets |
7/24/2023 | $22.00 | Mkt Outperform | JMP Securities |
7/24/2023 | $15.00 | Equal Weight | Barclays |
7/24/2023 | $17.00 | Outperform | Keefe Bruyette |
7/24/2023 | $18.00 | Buy | Citigroup |
Fidelis Insurance Holdings Limited ("Fidelis Insurance Group" or "the Company") (NYSE:FIHL) today announced the appointment of Miranda Hunter as Head of Investor Relations. In this new role, Ms. Hunter will be responsible for leading Fidelis Insurance Group's engagement with the investment community. Ms. Hunter, who is based in Bermuda, will report to Fidelis Insurance Group's Chief Executive Officer, Dan Burrows, and will serve as a member of the Company's senior leadership team. "Miranda's wealth of experience in the (re)insurance and financial industries, coupled with her proven track record in investor relations, uniquely positions her to play a pivotal role in articulating Fidelis
Third Quarter 2024 Highlights: Gross premiums written of $741.9 million; growth of 25.2% from the third quarter of 2023 Combined ratio of 87.4% Annualized operating return on opening common equity ("Operating ROE") of 16.8% and annualized operating return on average common equity ("Operating ROAE") of 16.4% Net income of $100.6 million, or $0.88 per diluted common share and operating net income of $105.1 million, or $0.92 per diluted common share Repurchased 4,279,983 common shares for $66.8 million, at a weighted average cost per share, including commission expenses, of $15.61 Nine Months Ended September 30, 2024 Highlights: Gross premiums written of $3.4 billion; grow
Announces Quarterly Dividend of $0.10 Per Common Share Payable December 20, 2024 Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or "the Company"), a global specialty insurer, announced today that its Board of Directors has approved and declared a dividend of $0.10 per share, payable on December 20, 2024, to common shareholders of record on November 29, 2024. About Fidelis Insurance Group Fidelis Insurance Group is a global specialty insurer, leveraging strategic partnerships to offer innovative and tailored insurance solutions. We have a highly diversified portfolio focused on three segments: Specialty, Bespoke, and Reinsurance, which we believe allows us to t
Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or the "Company"), a global specialty insurer, announced today that it expects to release financial results for the third quarter ended September 30, 2024, on November 12, 2024, after the close of the financial markets. These documents will be available via the Investors section of the Company's website at https://investors.fidelisinsurance.com. Dan Burrows, Group Chief Executive Officer, and Allan Decleir, Group Chief Financial Officer, will host an investor teleconference, including a question-and-answer period, on November 13, 2024, at 9:00 a.m. ET to discuss the third quarter results as well as related matters.
Second Quarter 2024 Highlights: Gross premiums written of $1.2 billion; growth of 24.7% from the second quarter of 2023 Combined ratio of 92.7% Annualized operating return on opening common equity ("Operating ROE") of 10.0% and annualized operating return on average common equity ("Operating ROAE") of 10.0% Net income of $53.7 million, or $0.46 per diluted common share and operating net income of $63.0 million, or $0.54 per diluted common share Book value per diluted common share was $21.71 at June 30, 2024 Repurchased 1,932,418 shares for $33.7 million Half Year 2024 Highlights: Gross premiums written of $2.7 billion; growth of 22.9% from first half of 2023 Combi
Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or "the Company"), a global specialty insurer, announced today that its Board of Directors has approved and declared a dividend of $0.10 per share, payable on September 30, 2024, to common shareholders of record on September 16, 2024. In addition, the Board of Directors approved a new share repurchase program (the "Program"), authorizing the Company to purchase up to an aggregate $200 million of the Company's shares. Pursuant to the Program, the Company may repurchase shares through open market purchases under Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), accelerated share
The Fidelis Partnership together with Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group") are pleased to confirm that Syndicate 3123 ("The Fidelis Partnership Syndicate") has formally begun underwriting business at Lloyd's. The Fidelis Partnership Syndicate was launched by The Fidelis Partnership in collaboration with the Fidelis Insurance Group, a global specialty insurer, and Hampden Agencies, the largest provider of private capital to Lloyd's. The sponsorship of this syndicate by The Fidelis Partnership marked the return of its Founder and Chief Executive Officer, Richard Brindle, to the Lloyd's market after 26 years. The Fidelis Partnership Syndicate has an in
Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or the "Company"), a global specialty insurer, today announced that it expects to release financial results for the second quarter ended June 30, 2024, on August 14, 2024, after the close of the financial markets. These documents will be available on the Company's investor website at https://investors.fidelisinsurance.com. Dan Burrows, Group Chief Executive Officer, and Allan Decleir, Group Chief Financial Officer, will host an investor teleconference, including a question-and-answer period, on August 15, 2024, at 9:00 a.m. ET to discuss the second quarter results as well as related matters. The teleconference can
Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or "FIHL"), a global specialty insurer, today announced the closing of its underwritten secondary public offering (the "Offering") of 9,000,000 common shares by certain of its shareholders (the "Selling Shareholders") at a price to the public of $16.00 per common share. The underwriters exercised in full their option to purchase an additional 1,350,000 common shares from the Selling Shareholders, priced at $16.00 per share, less underwriting discounts and commissions. Barclays, J.P. Morgan, and Goldman Sachs & Co. LLC are acting as Joint Lead Bookrunning Managers for the Offering. Evercore ISI, Citigroup, BMO Capital
Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or "FIHL"), a global specialty insurer, today announced the pricing of an underwritten secondary public offering (the "Offering") of 9,000,000 common shares by certain of its shareholders (the "Selling Shareholders") at a price to the public of $16.00 per common share. In connection with the Offering, the Selling Shareholders have also granted the underwriters a 30-day option to purchase up to an additional 1,350,000 common shares of FIHL. Fidelis Insurance Group is not selling any common shares in the Offering and will not receive any of the proceeds from the sale of the common shares offered by the Selling Shareho
Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or "FIHL"), a global specialty insurer, announced the launch of an underwritten secondary public offering (the "Offering") of 9,000,000 common shares by certain of its shareholders (the "Selling Shareholders"). In connection with the Offering, the Selling Shareholders intend to grant the underwriters a 30-day option to purchase up to an additional 1,350,000 common shares of FIHL. Fidelis Insurance Group is not selling any common shares in the Offering and will not receive any of the proceeds from the sale of the common shares offered by the Selling Shareholders. Barclays, J.P. Morgan, and Goldman Sachs & Co. LLC a
6-K - Fidelis Insurance Holdings Ltd (0001636639) (Filer)
6-K - Fidelis Insurance Holdings Ltd (0001636639) (Filer)
6-K - Fidelis Insurance Holdings Ltd (0001636639) (Filer)
6-K - Fidelis Insurance Holdings Ltd (0001636639) (Filer)
6-K - Fidelis Insurance Holdings Ltd (0001636639) (Filer)
6-K - Fidelis Insurance Holdings Ltd (0001636639) (Filer)
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Goldman initiated coverage of Fidelis Insurance Holdings Limited with a rating of Neutral and set a new price target of $18.50
Barclays initiated coverage of Fidelis Insurance Holdings Limited with a rating of Equal Weight and set a new price target of $21.00
Evercore ISI initiated coverage of Fidelis Insurance Holdings Limited with a rating of In-line and set a new price target of $19.00
JP Morgan downgraded Fidelis Insurance Holdings Limited from Overweight to Neutral and set a new price target of $15.00 from $16.50 previously
JP Morgan initiated coverage of Fidelis Insurance Holdings Limited with a rating of Overweight and set a new price target of $16.50
BMO Capital Markets initiated coverage of Fidelis Insurance Holdings Limited with a rating of Market Perform and set a new price target of $15.00
JMP Securities initiated coverage of Fidelis Insurance Holdings Limited with a rating of Mkt Outperform and set a new price target of $22.00
Barclays initiated coverage of Fidelis Insurance Holdings Limited with a rating of Equal Weight and set a new price target of $15.00
Keefe Bruyette initiated coverage of Fidelis Insurance Holdings Limited with a rating of Outperform and set a new price target of $17.00
Citigroup initiated coverage of Fidelis Insurance Holdings Limited with a rating of Buy and set a new price target of $18.00
Third Quarter 2024 Highlights: Gross premiums written of $741.9 million; growth of 25.2% from the third quarter of 2023 Combined ratio of 87.4% Annualized operating return on opening common equity ("Operating ROE") of 16.8% and annualized operating return on average common equity ("Operating ROAE") of 16.4% Net income of $100.6 million, or $0.88 per diluted common share and operating net income of $105.1 million, or $0.92 per diluted common share Repurchased 4,279,983 common shares for $66.8 million, at a weighted average cost per share, including commission expenses, of $15.61 Nine Months Ended September 30, 2024 Highlights: Gross premiums written of $3.4 billion; grow
Announces Quarterly Dividend of $0.10 Per Common Share Payable December 20, 2024 Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or "the Company"), a global specialty insurer, announced today that its Board of Directors has approved and declared a dividend of $0.10 per share, payable on December 20, 2024, to common shareholders of record on November 29, 2024. About Fidelis Insurance Group Fidelis Insurance Group is a global specialty insurer, leveraging strategic partnerships to offer innovative and tailored insurance solutions. We have a highly diversified portfolio focused on three segments: Specialty, Bespoke, and Reinsurance, which we believe allows us to t
Second Quarter 2024 Highlights: Gross premiums written of $1.2 billion; growth of 24.7% from the second quarter of 2023 Combined ratio of 92.7% Annualized operating return on opening common equity ("Operating ROE") of 10.0% and annualized operating return on average common equity ("Operating ROAE") of 10.0% Net income of $53.7 million, or $0.46 per diluted common share and operating net income of $63.0 million, or $0.54 per diluted common share Book value per diluted common share was $21.71 at June 30, 2024 Repurchased 1,932,418 shares for $33.7 million Half Year 2024 Highlights: Gross premiums written of $2.7 billion; growth of 22.9% from first half of 2023 Combi
Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or "the Company"), a global specialty insurer, announced today that its Board of Directors has approved and declared a dividend of $0.10 per share, payable on September 30, 2024, to common shareholders of record on September 16, 2024. In addition, the Board of Directors approved a new share repurchase program (the "Program"), authorizing the Company to purchase up to an aggregate $200 million of the Company's shares. Pursuant to the Program, the Company may repurchase shares through open market purchases under Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), accelerated share
First Quarter 2024 Highlights: Gross premiums written of $1,514.3 million; growth of 21.6% from the first quarter of 2023 Combined ratio of 85.8% Annualized operating return on opening common equity ("Operating ROE") of 14.4% and operating return on average common equity ("Operating ROAE") of 14.0% Net income of $81.2 million, or $0.69 per diluted common share and operating net income of $87.3 million, or $0.74 per diluted common share Book value per diluted common share was $21.22 at March 31, 2024. Fidelis Insurance Holdings Limited ("Fidelis" or "FIHL" or "the Group") (NYSE:FIHL) announced today its financial results for the first quarter ended March 31, 2024.
Announces Quarterly Dividend of $0.10 Per Common Share Payable June 28, 2024 Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or "the Company"), a global specialty insurer, announced today that its Board of Directors has approved and declared a dividend of $0.10 per share, payable on June 28, 2024 to common shareholders of record on June 14, 2024. About Fidelis Insurance Group Fidelis Insurance Group is a global specialty insurer, leveraging strategic partnerships to offer innovative and tailored insurance solutions. We have a highly diversified portfolio focused on three segments: Specialty, Bespoke, and Reinsurance, which we believe allows us to take advan
Fourth Quarter 2023 Highlights: Gross premiums written of $783.9 million; growth of 31.7% from the fourth quarter of 2022 Combined ratio of 81.4% Annualized operating return on opening common equity ("Operating ROE") of 25.2% and operating return on average common equity ("Operating ROAE") of 23.6% Net income of $228.3 million, or $1.93 per diluted common share and operating net income of $135.4 million, or $1.15 per diluted common share Book value per diluted common share was $20.69 at December 31, 2023, an increase of 13.4%, compared to September 30, 2023 Full Year 2023 Highlights: Gross premiums written of $3.6 billion; growth of 18.6% from full year 2022 Combined
Announces Quarterly Dividend of $0.10 Per Common Share Payable March 29, 2024 Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance" or "the Company"), a global specialty insurer, announced today that its Board of Directors has approved the initiation of a dividend program under which the Company intends to pay a quarterly cash dividend. The initial dividend will be $0.10 per share, payable on March 29, 2024 to common shareholders of record on March 15, 2024. Dan Burrows, Fidelis Insurance Group CEO stated, "The Board's decision to initiate a quarterly dividend program reflects our balance sheet strength following a transformative year in which we achieved meaningful strate
Third Quarter 2023 Highlights: Combined ratio of 85.4% Annualized operating return on average common equity of 17.6% Net income of $87.7 million, or $0.74 per diluted common share Nine months ended September 30, 2023 Highlights: Gross premiums written of $2.8 billion; growth of 15.4% from nine months ended September 30, 2022 Combined ratio of 82.4% Annualized operating return on average common equity of 17.7% IPO completed on the NYSE on July 3, 2023, raising $89.4 million in net proceeds through the issuance of 7,142,857 common shares at $14.00 per common share. Fidelis Insurance Holdings Limited ("Fidelis" or "FIHL" or "the Group") (NYSE:FIHL) announced tod
Half Year 2023 Highlights: Gross premiums written of $2.2 billion; growth of 27.0% from the 2022 first half Combined ratio of 80.6%; improvement of 8.4 points from the 2022 first half Annualized operating return on average common equity of 18.2% for 2023 first half IPO completed on the NYSE on July 3, 2023, raising $89.4 million in net proceeds through the issuance of 7,142,857 common shares at $14.00 per common share. Second Quarter 2023 Highlights: Gross premiums written of $957.2 million; growth of 25.3% from Q2 2022 Combined ratio of 82.0%; improvement of 8.5 points from Q2 2022 Annualized operating return on average common equity of 17.6% for Q2 2023 Ne
Evercore ISI Group analyst David Motemaden initiates coverage on Fidelis Insurance Hldgs (NYSE:FIHL) with a In-Line rating and announces Price Target of $19.
JP Morgan analyst Pablo Singzon maintains Fidelis Insurance Hldgs (NYSE:FIHL) with a Neutral and raises the price target from $18.5 to $20.
The Fidelis Partnership together with Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group") are pleased to confirm that Syndicate 3123 ("The Fidelis Partnership Syndicate") has formally begun underwriting business at Lloyd's. The Fidelis Partnership Syndicate was launched by The Fidelis Partnership in collaboration with the Fidelis Insurance Group, a global specialty insurer, and Hampden Agencies, the largest provider of private capital to Lloyd's. The sponsorship of this syndicate by The Fidelis Partnership marked the return of its Founder and Chief Executive Officer, Richard Brindle, to the Lloyd's market after 26 years. The Fidelis Partnership Syndicate has an initi
Fidelis Insurance Group is not selling any common shares in the Offering and will not receive any of the proceeds from the sale of the common shares offered by the Selling Shareholders. The Offering is expected to close on May 28, 2024, subject to customary closing conditions.
Fidelis Insurance Hldgs (NYSE:FIHL) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 2 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 1 1 0 0 3M Ago 1 2 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $21.31, a high estimate of $24.00, and a low estimate of $16.00. Observing a 10.07% increa
UBS analyst Brian Meredith maintains Fidelis Insurance Hldgs (NYSE:FIHL) with a Buy and lowers the price target from $22.5 to $22.
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Micron (NASDAQ:MU), adding that he likes the company and its CEO Sanjay Mehrotra. On May 6, Baird analyst Tristan Gerra upgraded Micron from Neutral to Outperform and raised the price target from $115 to $150. Bank of America Corporation (NASDAQ:BAC) is a buy, Cramer said. Earlier this month, Bank of America recommended shareholders reject “mini-tender” offer by Tutanota LLC. When asked about JFrog Ltd. (NASDAQ:FROG), he said, “I would be a seller of almost all the enterprise software companies here.” On May 9, JFrog posted stronger-than-expected results for its first quarter. The company also said it sees FY