Fidelis Insurance Holdings Limited (NYSE:FIHL) Plans Quarterly Dividend of $0.15

Fidelis Insurance Holdings Limited (NYSE:FIHL) declared a quarterly dividend on Monday, November 3rd. Stockholders of record on Wednesday, December 10th will be given a dividend of 0.15 per share on Tuesday, December 23rd. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, December 10th.

Fidelis Insurance has a payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Fidelis Insurance to earn $3.81 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 15.7%.

Fidelis Insurance Stock Performance

Shares of Fidelis Insurance stock traded down $0.03 during trading on Tuesday, hitting $17.85. 196,435 shares of the company’s stock traded hands, compared to its average volume of 609,143. Fidelis Insurance has a 1 year low of $14.17 and a 1 year high of $21.32. The business has a 50-day simple moving average of $17.79 and a 200-day simple moving average of $16.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $1.98 billion, a P/E ratio of -43.40 and a beta of 0.27.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.24. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $604.62 million. Fidelis Insurance had a negative return on equity of 1.81% and a negative net margin of 1.70%. As a group, analysts forecast that Fidelis Insurance will post 3.12 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. 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 buying an additional 1,181,439 shares during the last quarter. Cooperman Leon G grew its stake in Fidelis Insurance by 27.5% during the 1st quarter. Cooperman Leon G now owns 4,799,778 shares of the company’s stock valued at $77,756,000 after purchasing an additional 1,036,019 shares during the last quarter. Nuveen LLC acquired a new position in shares of Fidelis Insurance in the first quarter valued at about $12,862,000. JPMorgan Chase & Co. raised its stake in shares of Fidelis Insurance by 332.5% in the second quarter. JPMorgan Chase & Co. now owns 937,527 shares of the company’s stock worth $15,544,000 after purchasing an additional 720,734 shares during the last quarter. Finally, Doma Perpetual Capital Management LLC purchased a new stake in Fidelis Insurance in the first quarter valued at approximately $7,551,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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.