Fidelis Insurance (NYSE:FIHL) Reaches New 12-Month Low – Time to Sell?

Fidelis Insurance Holdings Limited (NYSE:FIHL)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $14.26 and last traded at $14.41, with a volume of 101250 shares. The stock had previously closed at $14.52.

Analyst Ratings Changes

Several equities analysts have commented on FIHL shares. The Goldman Sachs Group reissued a “sell” rating and issued a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday. Barclays cut their target price on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday. UBS Group decreased their price target on Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.29.

Fidelis Insurance Trading Up 0.6 %

The business has a fifty day simple moving average of $16.90 and a 200-day simple moving average of $17.92. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 3.69 and a beta of 0.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68.

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.74%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 10.10%.

Institutional Investors Weigh In On Fidelis Insurance

A number of institutional investors have recently added to or reduced their stakes in FIHL. R Squared Ltd acquired a new position in shares of Fidelis Insurance during the fourth quarter worth $26,000. Venturi Wealth Management LLC lifted its holdings in Fidelis Insurance by 1,862.9% during the 4th quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock worth $111,000 after buying an additional 5,831 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Fidelis Insurance in the 3rd quarter valued at about $195,000. Fox Run Management L.L.C. acquired a new stake in shares of Fidelis Insurance in the fourth quarter valued at about $235,000. Finally, Summit Global Investments acquired a new stake in shares of Fidelis Insurance in the third quarter valued at about $238,000. 81.99% of the stock is owned by institutional investors.

About Fidelis Insurance

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.