Press release
Investigation announced for Investors in shares of Fidelis Insurance Holdings Limited (NYSE: FIHL) Investor Alert: Investigation over potential Wrongdoing
An investigation on behalf of investors in Fidelis Insurance Holdings Limited (NYSE: FIHL) shares over potential wrongdoing.
Investors who purchased shares of Fidelis Insurance Holdings Limited (NYSE: FIHL) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Fidelis Insurance Holdings Limited directors breached their fiduciary duties and caused damage to the company and its shareholders.
Bermuda based Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products in Bermuda, Ireland, and the United Kingdom.
Fidelis Insurance Holdings Limited reported that its annual Total Revenue rose from over $1.18 billion in 2021 to over $1.5 billion in 2022 and that its Net Income increased from $68.3 million in 2021 to over $1.65 billion in 2022.
On or around June 29, 2023, Fidelis Insurance Holdings Limited commenced its initial public offering ("IPO"), selling 15 million shares of common stock priced at $14.00 per share.
On November 20, 2023, Fidelis Insurance Holdings Limited announced its financial results for the third quarter of 2023. Among other items, Fidelis Insurance Holdings Limited disclosed GAAP earnings per share of $0.74, missing consensus estimates by $0.13, and revenue of $537.5 million, missing consensus estimates by $49.81 million.
Shares of Fidelis Insurance Holdings Limited (NYSE: FIHL) declined to $11.99 per share on November 21, 2023.
Those who purchased shares of Fidelis Insurance Holdings Limited (NYSE: FIHL) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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