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

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have received an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $20.44.

Several brokerages have issued reports on FIHL. JPMorgan Chase & Co. boosted their price objective on shares of Fidelis Insurance from $18.50 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $24.00 price target on shares of Fidelis Insurance in a report on Friday, August 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 price objective on shares of Fidelis Insurance in a report on Friday, August 16th. The Goldman Sachs Group began coverage on Fidelis Insurance in a research report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 target price on the stock. Finally, Evercore ISI began coverage on Fidelis Insurance in a report on Wednesday, July 17th. They issued an “inline” rating and a $19.00 price target for the company.

Fidelis Insurance Price Performance

Shares of FIHL opened at $17.87 on Wednesday. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 4.34 and a beta of -0.11. Fidelis Insurance has a fifty-two week low of $11.55 and a fifty-two week high of $20.53. The firm has a 50-day simple moving average of $18.00 and a 200-day simple moving average of $17.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.65 and a current ratio of 0.65.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Wednesday, August 14th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.15). Fidelis Insurance had a net margin of 20.96% and a return on equity of 15.67%. The company had revenue of $547.10 million during the quarter, compared to analysts’ expectations of $582.19 million. On average, equities research analysts anticipate that Fidelis Insurance will post 2.94 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, September 16th. This represents a $0.40 annualized dividend and a yield of 2.24%. Fidelis Insurance’s dividend payout ratio (DPR) is currently 9.71%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd raised its holdings in shares of Fidelis Insurance by 146.2% in the fourth quarter. Quadrature Capital Ltd now owns 29,175 shares of the company’s stock worth $370,000 after acquiring an additional 17,324 shares during the last quarter. Capstone Investment Advisors LLC lifted its holdings in Fidelis Insurance by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 136,250 shares of the company’s stock valued at $2,654,000 after purchasing an additional 11,250 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Fidelis Insurance in the 1st quarter valued at about $1,287,000. Latigo Investments LLC purchased a new stake in shares of Fidelis Insurance during the first quarter worth about $2,342,000. Finally, Quantbot Technologies LP raised its position in shares of Fidelis Insurance by 131.8% in the first quarter. Quantbot Technologies LP now owns 33,559 shares of the company’s stock valued at $654,000 after buying an additional 19,080 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.