Fidelis Insurance (FIHL) ZACKS·2024-11-22 18:00Core Insights - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify stocks with strong momentum, addressing the challenges of defining momentum in stocks [2] Company Overview: Fidelis Insurance Holdings (FIHL) - FIHL currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [4] Performance Metrics - Over the past week, FIHL shares increased by 5.82%, significantly outperforming the Zacks Insurance - Multi line industry, which rose by 0.44% [7] - In a longer timeframe, FIHL's monthly price change is 16.85%, compared to the industry's 0.72% [7] - Over the last quarter, FIHL shares rose by 11.7%, and over the past year, they increased by 67.18%, while the S&P 500 only moved 6.16% and 32.62%, respectively [8] Trading Volume - The average 20-day trading volume for FIHL is 447,908 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Outlook - In the past two months, two earnings estimates for FIHL have been revised upwards, increasing the consensus estimate from 3.15 [11] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions [11] Conclusion - Given the strong performance metrics and positive earnings outlook, FIHL is positioned as a promising investment opportunity with a Momentum Score of A [12]