Why Fidelis Insurance Stock Blasted 13% Higher on Friday
FIHLFidelis Insurance (FIHL) The Motley Fool·2024-03-02 07:44

The broader finance sector has had its ups and downs recently, to put the situation mildly. One of the brighter spots was the quarterly earnings report dropped late Thursday by Fidelis Insurance Group (FIHL 13.04%). Thanks to solid beats on both the top and bottom lines, investors flocked to the shares the following day, sending their price 13% higher. And that was on a good day for the wider stock market, with the S&P 500 index rising by nearly 1%. Fourth-quarter revenue and premiums rose at double-digit r ...