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

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have been assigned an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $19.71.

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price objective on Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. UBS Group raised their target price on Fidelis Insurance from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Barclays lowered their price target on shares of Fidelis Insurance from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday.

Institutional Trading of Fidelis Insurance

Several institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in Fidelis Insurance by 6.7% during the fourth quarter. American Century Companies Inc. now owns 3,577,018 shares of the company’s stock worth $64,851,000 after buying an additional 225,952 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Fidelis Insurance by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company’s stock worth $58,754,000 after acquiring an additional 162,524 shares during the last quarter. Zimmer Partners LP purchased a new position in shares of Fidelis Insurance during the 4th quarter worth approximately $31,991,000. Citadel Advisors LLC increased its holdings in Fidelis Insurance by 2,922.7% in the 4th quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company’s stock valued at $28,462,000 after purchasing an additional 1,517,927 shares during the last quarter. Finally, LSV Asset Management purchased a new stake in Fidelis Insurance in the fourth quarter valued at approximately $24,435,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Fidelis Insurance Stock Performance

Shares of NYSE:FIHL opened at $15.61 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. Fidelis Insurance has a 1 year low of $14.17 and a 1 year high of $21.32. The firm has a market capitalization of $1.74 billion, a PE ratio of 3.94 and a beta of 0.28. The business’s 50 day moving average price is $15.63 and its 200-day moving average price is $17.22.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($1.98). The business had revenue of $685.90 million for the quarter, compared to analyst estimates of $661.52 million. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. As a group, equities research analysts expect that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio is presently 42.55%.

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.