Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives Average Rating of “Hold” from Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $19.71.

A number of research firms have recently commented on FIHL. Keefe, Bruyette & Woods reduced their target price on shares of Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. decreased 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 report on Tuesday, April 8th. Barclays dropped their target price on Fidelis Insurance from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. Finally, UBS Group raised their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, March 7th.

Fidelis Insurance Stock Up 1.0 %

Shares of Fidelis Insurance stock opened at $16.98 on Friday. Fidelis Insurance has a twelve month low of $14.17 and a twelve month high of $21.32. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 4.29 and a beta of 0.28. 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 company has a fifty day moving average price of $15.86 and a 200 day moving average price of $17.02.

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

Fidelis Insurance Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.36%. Fidelis Insurance’s dividend payout ratio (DPR) is 42.55%.

Hedge Funds Weigh In On Fidelis Insurance

Hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fidelis Insurance by 34.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 166,257 shares of the company’s stock valued at $2,693,000 after buying an additional 43,038 shares during the period. LSV Asset Management grew its holdings in shares of Fidelis Insurance by 87.7% during the first quarter. LSV Asset Management now owns 2,529,195 shares of the company’s stock valued at $40,973,000 after purchasing an additional 1,181,439 shares during the last quarter. XTX Topco Ltd raised its position in shares of Fidelis Insurance by 34.0% during the 1st quarter. XTX Topco Ltd now owns 20,469 shares of the company’s stock worth $332,000 after purchasing an additional 5,193 shares during the period. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Fidelis Insurance by 2.7% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 74,704 shares of the company’s stock worth $1,210,000 after purchasing an additional 1,991 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Fidelis Insurance during the 1st quarter valued at approximately $425,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

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.