Fidelis Insurance Holdings Limited
Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: Fidelis Insurance Holdings Limited |
Ticker: | Ticker: FIHL |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against Fidelis Insurance Holdings Limited (“Fidelis” or the “Company”) (NYSE: FIHL). The investigation concerns whether Fidelis and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On June 29, 2023, Fidelis commenced its initial public offering, selling 15 million shares of common stock priced at $14.00 per share. On November 20, 2023, Fidelis announced its financial results for the third quarter of 2023. Among other items, Fidelis disclosed GAAP earnings per share of $0.74, missing consensus estimates by $0.13, and total revenues of $537.5 million, missing consensus estimates by $49.81 million. On this news, the price of Fidelis shares declined by $1.38 per share, or approximately 9.59%, from $14.39 per share to close at $13.01 on November 21, 2023.
On June 29, 2023, Fidelis commenced its initial public offering, selling 15 million shares of common stock priced at $14.00 per share. On November 20, 2023, Fidelis announced its financial results for the third quarter of 2023. Among other items, Fidelis disclosed GAAP earnings per share of $0.74, missing consensus estimates by $0.13, and total revenues of $537.5 million, missing consensus estimates by $49.81 million. On this news, the price of Fidelis shares declined by $1.38 per share, or approximately 9.59%, from $14.39 per share to close at $13.01 on November 21, 2023.