Goldman Sachs Adjusts Fidelis Insurance (FIHL) Target Following Third-Quarter Results

Core Insights - Fidelis Insurance Holdings Limited (NYSE:FIHL) is recognized as one of the 14 Best Up and Coming Dividend Stocks to Buy [1] - Goldman Sachs raised its price target for FIHL to $17 from $16.50 while maintaining a Sell rating after reviewing the company's third-quarter results [2] Financial Performance - For Q3 2025, FIHL reported revenue of $652 million, a 5% decline year-over-year, and approximately $25 million below analyst expectations [3] - Gross premiums written increased to $797.5 million, reflecting a 7.5% growth compared to Q3 2024 [3] - The combined ratio improved to 79.0%, down from 87.4% a year ago, indicating better operational efficiency [3] - Net income was reported at $130.5 million, or $1.24 per diluted share, while operating net income was $126.8 million, or $1.21 per diluted share [3] Capital Return and Outlook - The company returned $47.3 million to investors in the quarter, comprising $31.9 million in share repurchases and $15.4 million in dividends [4] - Management reaffirmed its outlook for full-year top-line growth of 6% to 10%, expressing confidence in maintaining profitable momentum [4] Company Overview - FIHL operates as a global specialty insurer and reinsurer, focusing on value creation through disciplined capital deployment, selective underwriting, and long-term partnerships [5]