Fidelis Insurance Holdings Limited (FIHL) Announces a Definitive Agreement to Repurchase all Common Shares Held by CVC Falcon for $163.35M

Core Insights - Fidelis Insurance Holdings Limited (FIHL) is identified as one of the 11 cheap growth stocks to consider for investment opportunities [1] Group 1: Company Announcements - On March 2, 2026, Fidelis Insurance announced a definitive agreement to repurchase all common shares held by CVC Falcon for a total of $163.35 million, involving the repurchase of 8,597,170 shares at a price of $19.00 per share [3] - Following the completion of this transaction, CVC Falcon will no longer have any ownership interest in Fidelis Insurance Group [3] Group 2: Financial Performance - For Q4, Fidelis Insurance reported an operating EPS of $1.09, slightly above the consensus estimate of $1.08, indicating strong financial performance [5] - The company achieved an 80.6% combined ratio and an annualized Operating ROAE of 18.3%, reflecting the strength of its platform and effective capital allocation strategy as highlighted by Group CEO Dan Burrows [5] Group 3: Analyst Ratings - On February 27, 2026, Keefe Bruyette raised the price target for Fidelis Insurance to $26.50 from $26 while maintaining an Outperform rating [4]