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

Fidelis Insurance Holdings Limited (NYSE:FIHL) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. One equities research 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 target among brokerages that have updated their coverage on the stock in the last year is $20.57.

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Barclays decreased their price objective on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, February 20th. Keefe, Bruyette & Woods reduced their price target on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 price objective (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Finally, UBS Group increased their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, March 7th.

Institutional Trading of Fidelis Insurance

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Fidelis Insurance by 2.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,177 shares of the company’s stock valued at $529,000 after purchasing an additional 661 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Fidelis Insurance by 4.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company’s stock valued at $327,000 after buying an additional 770 shares during the period. R Squared Ltd purchased a new stake in shares of Fidelis Insurance in the 4th quarter valued at $26,000. Sterling Capital Management LLC raised its holdings in shares of Fidelis Insurance by 6.5% in the 4th quarter. Sterling Capital Management LLC now owns 23,889 shares of the company’s stock valued at $433,000 after buying an additional 1,448 shares during the period. Finally, Invesco Ltd. grew its stake in Fidelis Insurance by 1.6% during the 4th quarter. Invesco Ltd. now owns 91,317 shares of the company’s stock worth $1,656,000 after purchasing an additional 1,475 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Stock Performance

NYSE FIHL opened at $15.11 on Friday. The company has a fifty day simple moving average of $15.99 and a 200 day simple moving average of $17.59. Fidelis Insurance has a 12-month low of $14.17 and a 12-month high of $21.32. 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 market cap of $1.69 billion, a P/E ratio of 3.82 and a beta of 0.61.

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

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio is currently 42.55%.

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.