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

Fidelis Insurance Holdings Limited (NYSE:FIHL) has received an average rating of “Hold” from the ten research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $21.1429.

FIHL has been the subject of a number of research reports. Keefe, Bruyette & Woods lowered their target price on Fidelis Insurance from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, November 14th. The Goldman Sachs Group lifted their price objective on shares of Fidelis Insurance from $16.50 to $17.00 and gave the company a “sell” rating in a report on Wednesday, November 19th. Evercore ISI raised their target price on shares of Fidelis Insurance from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 13th. UBS Group increased their price objective on Fidelis Insurance from $23.00 to $24.00 and gave the company a “buy” rating in a report on Monday, November 17th. Finally, Zacks Research upgraded shares of Fidelis Insurance from a “strong sell” rating to a “hold” rating in a report on Thursday, September 11th.

Institutional Investors Weigh In On Fidelis Insurance

Large investors have recently added to or reduced their stakes in the stock. North Capital Inc. acquired a new stake in shares of Fidelis Insurance during the 2nd quarter worth $33,000. Focus Partners Wealth acquired a new position in shares of Fidelis Insurance in the 3rd quarter valued at approximately $77,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Fidelis Insurance by 15.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company’s stock worth $101,000 after acquiring an additional 810 shares during the period. CWM LLC boosted its position in shares of Fidelis Insurance by 444.4% during the 2nd quarter. CWM LLC now owns 7,131 shares of the company’s stock worth $118,000 after acquiring an additional 5,821 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Fidelis Insurance by 58.9% in the second quarter. Tower Research Capital LLC TRC now owns 7,786 shares of the company’s stock valued at $129,000 after acquiring an additional 2,885 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Stock Up 0.6%

Fidelis Insurance stock opened at $19.01 on Thursday. Fidelis Insurance has a fifty-two week low of $14.17 and a fifty-two week high of $20.83. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of -380.20 and a beta of 0.27. The company’s 50 day simple moving average is $18.26 and its 200 day simple moving average is $17.22.

Fidelis Insurance (NYSE:FIHL) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.02. The company had revenue of $797.50 million during the quarter, compared to the consensus estimate of $676.79 million. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%. As a group, sell-side analysts anticipate that Fidelis Insurance will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $0.60 annualized dividend and a yield of 3.2%. Fidelis Insurance’s payout ratio is -1,200.00%.

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.