Fidelis Insurance (NYSE:FIHL) Releases Quarterly Earnings Results, Misses Estimates By $1.98 EPS

Fidelis Insurance (NYSE:FIHL) issued its quarterly earnings results on Tuesday. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($1.98), Zacks reports. The company had revenue of $685.90 million during the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%.

Fidelis Insurance Stock Up 0.4 %

Shares of NYSE:FIHL traded up $0.06 during trading hours on Thursday, hitting $14.79. The company’s stock had a trading volume of 169,337 shares, compared to its average volume of 593,148. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The firm’s fifty day moving average price is $16.68 and its 200 day moving average price is $17.86. Fidelis Insurance has a 52 week low of $14.17 and a 52 week high of $21.32. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 3.74 and a beta of 0.49.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio (DPR) is 10.10%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FIHL shares. JPMorgan Chase & Co. reduced their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price target on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Barclays reduced their target price on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 20th. UBS Group lowered their price objective on shares of Fidelis Insurance from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Fidelis Insurance currently has an average rating of “Hold” and a consensus target price of $20.29.

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.