The price-to-earnings ratio for Fidelis Insurance Holdings Ltd (NYSE: FIHL) is above average at 5.22x, Company’s 36-month beta value is 0.06.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for FIHL is 38.65M, and currently, short sellers hold a 3.70% ratio of that floaft. The average trading volume of FIHL on November 14, 2024 was 469.89K shares.
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FIHL) stock’s latest price update
Fidelis Insurance Holdings Ltd (NYSE: FIHL)’s stock price has soared by 7.96 in relation to previous closing price of 18.46. Nevertheless, the company has seen a gain of 9.09% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-13 that Fidelis Insurance Holdings Limited (NYSE:FIHL ) Q3 2024 Earnings Conference Call November 13, 2024 9:00 AM ET Company Participants Miranda Hunter – Head of IR Dan Burrows – CEO Allan Decleir – CFO Jonny Strickle – Chief Actuarial Officer Conference Call Participants Matt Carletti – Citizens JMP Meyer Shields – KBW Lee Cooperman – Omega David Motemaden – Evercore Robert Cox – Goldman Sachs Operator Good morning, ladies and gentlemen. And welcome to the Fidelis Insurance Group’s Third Quarter 2024 Earnings Conference Call.
FIHL’s Market Performance
Fidelis Insurance Holdings Ltd (FIHL) has experienced a 9.09% rise in stock performance for the past week, with a 11.53% rise in the past month, and a 10.91% rise in the past quarter. The volatility ratio for the week is 5.90%, and the volatility levels for the past 30 days are at 2.98% for FIHL. The simple moving average for the past 20 days is 11.83% for FIHL’s stock, with a 15.01% simple moving average for the past 200 days.
Analysts’ Opinion of FIHL
Many brokerage firms have already submitted their reports for FIHL stocks, with Goldman repeating the rating for FIHL by listing it as a “Neutral.” The predicted price for FIHL in the upcoming period, according to Goldman is $18.50 based on the research report published on September 17, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see FIHL reach a price target of $21. The rating they have provided for FIHL stocks is “Equal Weight” according to the report published on September 05th, 2024.
Evercore ISI gave a rating of “In-line” to FIHL, setting the target price at $19 in the report published on July 17th of the current year.
FIHL Trading at 11.22% from the 50-Day Moving Average
After a stumble in the market that brought FIHL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.92% of loss for the given period.
Volatility was left at 2.98%, however, over the last 30 days, the volatility rate increased by 5.90%, as shares surge +10.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.91% upper at present.
During the last 5 trading sessions, FIHL rose by +9.09%, which changed the moving average for the period of 200-days by +50.87% in comparison to the 20-day moving average, which settled at $17.82. In addition, Fidelis Insurance Holdings Ltd saw 57.30% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FIHL starting from Crestview Partners IV GP, L.P., who proposed sale 4,974 shares at the price of $17.37 back on Sep 13 ’24. After this action, Crestview Partners IV GP, L.P. now owns shares of Fidelis Insurance Holdings Ltd, valued at $86,398 using the latest closing price.
Crestview Partners III GP, L.P, the Director of Fidelis Insurance Holdings Ltd, proposed sale 194 shares at $17.37 during a trade that took place back on Sep 13 ’24, which means that Crestview Partners III GP, L.P is holding shares at $3,370 based on the most recent closing price.
Stock Fundamentals for FIHL
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 1.0 for the gross margin
The net margin for Fidelis Insurance Holdings Ltd stands at 0.21. The total capital return value is set at 0.14. Equity return is now at value 19.99, with 5.49 for asset returns.
Based on Fidelis Insurance Holdings Ltd (FIHL), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 22.3.
Currently, EBITDA for the company is 2.08 billion with net debt to EBITDA at -0.73. When we switch over and look at the enterprise to sales, we see a ratio of 1.02. The receivables turnover for the company is 0.47for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
In a nutshell, Fidelis Insurance Holdings Ltd (FIHL) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
