Shares of Fidelis Insurance Holdings Ltd. (FIHL) surged 5.3% in Monday's pre-market session, following a bullish rating update from a top analyst.

In a report released today, Meyer Shields from KBW maintained a Buy rating on FIHL stock, indicating confidence in the company's prospects. Although the specific price target was not mentioned, the analyst's positive assessment appears to have boosted investor sentiment and driven the pre-market rally.

Fidelis Insurance Holdings is a Bermuda-based provider of specialty insurance and reinsurance products. The company's strong performance and positive outlook, as highlighted by the analyst's rating, likely contributed to the pre-market surge in its stock price.