Fidelis Insurance Holdings Limited (NYSE:FIHL) Given Consensus Rating of “Hold” by Analysts

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have received an average recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $20.44.

Several research firms have weighed in on FIHL. Barclays started coverage on shares of Fidelis Insurance in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 target price for the company. Evercore ISI assumed coverage on shares of Fidelis Insurance in a research note on Wednesday, July 17th. They set an “inline” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Fidelis Insurance from $18.50 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. JMP Securities reaffirmed a “market outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a report on Friday, August 16th. Finally, The Goldman Sachs Group started coverage on Fidelis Insurance in a report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price target on the stock.

Fidelis Insurance Stock Performance

Shares of FIHL stock opened at $17.78 on Wednesday. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 4.32 and a beta of -0.11. Fidelis Insurance has a one year low of $11.55 and a one year high of $20.53. The company’s 50-day simple moving average is $18.09 and its 200-day simple moving average is $17.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.65 and a current ratio of 0.65.

Fidelis Insurance (NYSE:FIHL) last released its earnings results on Wednesday, August 14th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). Fidelis Insurance had a return on equity of 15.67% and a net margin of 20.96%. The firm had revenue of $547.10 million for the quarter, compared to the consensus estimate of $582.19 million. Equities analysts anticipate that Fidelis Insurance will post 2.94 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.25%. The ex-dividend date was Monday, September 16th. Fidelis Insurance’s payout ratio is currently 9.71%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in Fidelis Insurance by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock worth $283,000 after purchasing an additional 649 shares during the period. Cambridge Trust Co. bought a new position in shares of Fidelis Insurance in the first quarter valued at approximately $58,000. EntryPoint Capital LLC bought a new position in shares of Fidelis Insurance in the first quarter valued at approximately $63,000. California State Teachers Retirement System increased its stake in shares of Fidelis Insurance by 144.4% during the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock valued at $119,000 after acquiring an additional 3,606 shares during the period. Finally, Prospector Partners LLC raised its holdings in Fidelis Insurance by 0.6% during the second quarter. Prospector Partners LLC now owns 577,628 shares of the company’s stock worth $9,421,000 after purchasing an additional 3,710 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Limited, a specialty insurer, provides insurance and reinsurance solutions 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.