Brokerages Set Fidelis Insurance Holdings Limited (NYSE:FIHL) Target Price at $20.44

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, 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 twelve-month price objective among brokerages that have issued a report on the stock in the last year is $20.44.

A number of brokerages have recently issued reports on FIHL. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $24.00 price target on shares of Fidelis Insurance in a report on Friday, August 16th. JMP Securities reissued a “market outperform” rating and set a $24.00 price target on shares of Fidelis Insurance in a research report on Friday, August 16th. The Goldman Sachs Group began coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective on the stock. Evercore ISI initiated coverage on shares of Fidelis Insurance in a research report on Wednesday, July 17th. They set an “inline” rating and a $19.00 target price for the company. Finally, Barclays began coverage on shares of Fidelis Insurance in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price target on the stock.

Fidelis Insurance Trading Down 1.0 %

NYSE FIHL opened at $18.46 on Friday. Fidelis Insurance has a one year low of $11.55 and a one year high of $20.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 4.83 and a beta of -0.01. The company’s 50-day simple moving average is $17.89 and its two-hundred day simple moving average is $17.48.

Fidelis Insurance (NYSE:FIHL) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.15). The business had revenue of $547.10 million for the quarter, compared to analysts’ expectations of $582.19 million. Fidelis Insurance had a net margin of 20.96% and a return on equity of 15.67%. Equities analysts forecast that Fidelis Insurance will post 2.9 EPS for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, November 29th. Fidelis Insurance’s payout ratio is 10.47%.

Institutional Trading of Fidelis Insurance

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Fidelis Insurance by 227.4% in the first quarter. Vanguard Group Inc. now owns 562,570 shares of the company’s stock worth $10,959,000 after acquiring an additional 390,754 shares during the period. Boston Partners grew its position in Fidelis Insurance by 213.7% during the 1st quarter. Boston Partners now owns 714,683 shares of the company’s stock worth $13,922,000 after purchasing an additional 486,888 shares during the period. Quadrature Capital Ltd raised its stake in shares of Fidelis Insurance by 125.0% during the 1st quarter. Quadrature Capital Ltd now owns 65,639 shares of the company’s stock valued at $1,279,000 after buying an additional 36,464 shares during the last quarter. Interval Partners LP lifted its holdings in shares of Fidelis Insurance by 75.6% in the 2nd quarter. Interval Partners LP now owns 248,116 shares of the company’s stock valued at $4,047,000 after buying an additional 106,845 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Fidelis Insurance in the second quarter worth about $2,381,000. Hedge funds and other institutional investors 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.