Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $21.50.

A number of research analysts have recently commented on the company. Barclays assumed coverage on Fidelis Insurance in a report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price objective on the stock. Keefe, Bruyette & Woods increased their price target on Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group started coverage on shares of Fidelis Insurance in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price target on the stock.

Hedge Funds Weigh In On Fidelis Insurance

Several large investors have recently bought and sold shares of FIHL. Empowered Funds LLC acquired a new position in Fidelis Insurance in the 3rd quarter valued at approximately $6,424,000. Principal Financial Group Inc. bought a new stake in shares of Fidelis Insurance during the third quarter valued at approximately $1,144,000. Interval Partners LP raised its stake in shares of Fidelis Insurance by 75.6% in the second quarter. Interval Partners LP now owns 248,116 shares of the company’s stock valued at $4,047,000 after purchasing an additional 106,845 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in Fidelis Insurance in the second quarter worth $1,196,000. Finally, Dark Forest Capital Management LP acquired a new stake in Fidelis Insurance during the second quarter worth $566,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Fidelis Insurance Trading Down 1.2 %

Shares of NYSE:FIHL opened at $17.61 on Monday. Fidelis Insurance has a 1 year low of $11.80 and a 1 year high of $21.32. The firm has a fifty day moving average price of $18.79 and a 200 day moving average price of $17.95. 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 stock has a market capitalization of $2.08 billion, a PE ratio of 4.45 and a beta of 0.30.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.27%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 10.10%.

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.