JMP Securities Reaffirms Market Outperform Rating for Fidelis Insurance (NYSE:FIHL)

JMP Securities reiterated their market outperform rating on shares of Fidelis Insurance (NYSE:FIHL) in a research note released on Monday, Benzinga reports. They currently have a $24.00 price objective on the stock.

A number of other equities analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Fidelis Insurance from $22.00 to $24.00 and gave the stock an outperform rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. raised their price target on shares of Fidelis Insurance from $17.00 to $17.50 and gave the company a neutral rating in a research report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $18.44.

Fidelis Insurance Stock Up 0.1 %

NYSE FIHL opened at $18.66 on Monday. The business has a fifty day moving average price of $17.01 and a two-hundred day moving average price of $14.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.66 and a quick ratio of 0.66. Fidelis Insurance has a fifty-two week low of $11.55 and a fifty-two week high of $19.80. The stock has a market capitalization of $2.20 billion and a PE ratio of 0.98.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.41. The company had revenue of $553.70 million during the quarter, compared to the consensus estimate of $522.52 million. Fidelis Insurance had a net margin of 59.30% and a return on equity of 20.23%. Equities analysts expect that Fidelis Insurance will post 3.24 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Thursday, March 14th. Fidelis Insurance’s dividend payout ratio (DPR) is 2.10%.

Hedge Funds Weigh In On Fidelis Insurance

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of Fidelis Insurance by 22.3% during the fourth quarter. Royal Bank of Canada now owns 6,963 shares of the company’s stock valued at $88,000 after buying an additional 1,271 shares during the last quarter. Amalgamated Bank bought a new position in Fidelis Insurance in the third quarter worth approximately $26,000. Prospector Partners LLC raised its position in shares of Fidelis Insurance by 0.4% during the 4th quarter. Prospector Partners LLC now owns 564,593 shares of the company’s stock valued at $7,153,000 after purchasing an additional 2,395 shares during the period. UBS Group AG bought a new stake in shares of Fidelis Insurance during the 3rd quarter valued at $42,000. Finally, California State Teachers Retirement System bought a new stake in shares of Fidelis Insurance during the 3rd quarter valued at $49,000. 81.99% of the stock is owned by institutional investors.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products in Bermuda, the Republic of Ireland, and the United Kingdom. It operates in three segments: Specialty, Reinsurance, and Bespoke segments. The Specialty segment offers aviation and aerospace, energy, marine, property direct and facultative, and other specialty risk solutions.