Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives Average Recommendation of “Hold” from Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL) has received an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $20.86.

FIHL has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered their price target on shares of Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group restated a “sell” rating and issued a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Barclays cut their target price on Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th.

Institutional Investors Weigh In On Fidelis Insurance

Large investors have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in Fidelis Insurance in the 4th quarter worth $26,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Fidelis Insurance in the third quarter valued at about $195,000. Summit Global Investments acquired a new stake in Fidelis Insurance during the third quarter worth about $238,000. Intech Investment Management LLC bought a new position in Fidelis Insurance during the third quarter valued at about $269,000. Finally, ClearAlpha Technologies LP acquired a new position in Fidelis Insurance in the 3rd quarter valued at approximately $298,000. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Trading Up 0.6 %

NYSE FIHL opened at $16.35 on Friday. The firm has a market capitalization of $1.93 billion, a PE ratio of 4.13 and a beta of 0.53. Fidelis Insurance has a one year low of $12.43 and a one year high of $21.32. The company has a 50-day simple moving average of $18.47 and a 200-day simple moving average of $18.03. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68.

Fidelis Insurance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Friday, November 29th. 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.