Analysts Set Fidelis Insurance Holdings Limited (NYSE:FIHL) Price Target at $21.50

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $21.50.

A number of brokerages have commented on FIHL. Keefe, Bruyette & Woods boosted their target price on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. reduced their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday. Finally, The Goldman Sachs Group began coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 target price for the company.

Institutional Investors Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. purchased a new position in shares of Fidelis Insurance in the third quarter worth about $1,144,000. Barclays PLC raised its position in Fidelis Insurance by 306.7% during the 3rd quarter. Barclays PLC now owns 68,184 shares of the company’s stock worth $1,231,000 after buying an additional 51,419 shares during the last quarter. Geode Capital Management LLC lifted its stake in Fidelis Insurance by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 627,616 shares of the company’s stock valued at $11,335,000 after acquiring an additional 44,416 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Fidelis Insurance in the 3rd quarter valued at $732,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Fidelis Insurance in the third quarter worth $195,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Fidelis Insurance Trading Down 3.8 %

FIHL opened at $17.29 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 4.37 and a beta of 0.53. Fidelis Insurance has a 12 month low of $11.80 and a 12 month high of $21.32. The stock has a fifty day moving average price of $18.83 and a 200-day moving average price of $18.00.

Fidelis Insurance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.31%. Fidelis Insurance’s payout ratio is 10.10%.

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.