APR 28·TipRanks→
Fidelis Shareholders Approve Pelagos Insurance Capital Rebrand and Governance Changes
Fidelis Insurance Holdings Ltd. shareholders approved a rebrand to Pelagos Insurance Capital Limited, along with governance changes, including the re-election of three Class III directors and the appointment of KPMG as auditor for 2026. The new name and NYSE ticker "PLGO" are expected to be effective in mid-May 2026, aiming to sharpen its capital-focused market positioning. Spark, TipRanks’ AI Analyst, has a "Neutral" rating for FIHL stock, citing mixed financial performance and weak near-term technical momentum, moderated by favorable valuation and positive earnings call commentary.
MAR 9·MarketBeat▲
Fidelis Insurance (NYSE:FIHL) Given New $25.00 Price Target at UBS Group
UBS Group has raised its price target for Fidelis Insurance (NYSE:FIHL) to $25.00 from $24.00, maintaining a "buy" rating and implying a potential 33.44% upside. This follows Fidelis Insurance beating Q4 EPS estimates but missing revenue expectations, along with authorizing a $400 million share buyback program. Despite mixed analyst ratings, the consensus price target for FIHL is $22.36, with the stock currently trading around $18.74.
