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

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have received an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $20.44.

A number of equities analysts have weighed in on FIHL shares. Barclays assumed 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. Evercore ISI began coverage on Fidelis Insurance in a research report on Wednesday, July 17th. They set an “inline” rating and a $19.00 price target for the company. JPMorgan Chase & Co. raised their price objective on Fidelis Insurance from $18.50 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a report on Friday, August 16th. Finally, The Goldman Sachs Group assumed coverage on shares of Fidelis Insurance in a report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price target on the stock.

Institutional Investors Weigh In On Fidelis Insurance

A number of large investors have recently added to or reduced their stakes in FIHL. Quadrature Capital Ltd boosted its position in Fidelis Insurance by 146.2% in the 4th quarter. Quadrature Capital Ltd now owns 29,175 shares of the company’s stock valued at $370,000 after buying an additional 17,324 shares during the last quarter. Capstone Investment Advisors LLC increased its position in shares of Fidelis Insurance by 9.0% during the first quarter. Capstone Investment Advisors LLC now owns 136,250 shares of the company’s stock worth $2,654,000 after acquiring an additional 11,250 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Fidelis Insurance in the first quarter worth about $1,287,000. Latigo Investments LLC purchased a new position in Fidelis Insurance in the first quarter valued at about $2,342,000. Finally, Quantbot Technologies LP grew its stake in Fidelis Insurance by 131.8% during the 1st quarter. Quantbot Technologies LP now owns 33,559 shares of the company’s stock valued at $654,000 after purchasing an additional 19,080 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Fidelis Insurance Stock Performance

Fidelis Insurance stock opened at $17.87 on Wednesday. The stock has a fifty day moving average price of $18.00 and a 200 day moving average price of $17.68. Fidelis Insurance has a 52 week low of $11.55 and a 52 week high of $20.53. The firm has a market capitalization of $2.11 billion, a P/E ratio of 4.34 and a beta of -0.11. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.18.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $582.19 million. Equities research analysts anticipate that Fidelis Insurance will post 2.94 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

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

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.