Jun. 25 at 3:33 PM
$FIHL Citizens JMP analyst Matthew Carletti increased the price target for Fidelis Insurance Holdings (NYSE:FIHL) to
$27.00, up from the previous
$24.00, while reiterating a Market Outperform rating on the company’s stock. Carletti highlighted Fidelis’ strong positioning to capitalize on the current favorable conditions in the specialty insurance and reinsurance markets.
The analyst’s optimism is rooted in the current market dynamics, which have been described as the best in decades or even a generation for specialty insurance and reinsurance lines. Carletti pointed out that Fidelis’ leading market position in many of the classes of business it underwrites is a key factor that should drive its success in the future. InvestingPro analysis reveals strong revenue growth of 23.93% in the last twelve months, with analysts expecting the company to return to profitability this year.
