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

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $20.69.

FIHL has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their target price on shares of Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday. The Goldman Sachs Group started coverage on shares of Fidelis Insurance in a research note on Tuesday, September 17th. They set a “neutral” rating and a $18.50 target price on the stock. 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. Finally, Barclays started coverage on shares of Fidelis Insurance in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 price target for the company.

Fidelis Insurance Trading Down 1.2 %

Shares of FIHL opened at $19.70 on Friday. The firm’s 50-day moving average price is $17.92 and its 200-day moving average price is $17.50. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 4.98 and a beta of -0.01. 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 has a 1-year low of $11.55 and a 1-year high of $21.32.

Fidelis Insurance (NYSE:FIHL) last announced its earnings results on Wednesday, August 14th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). The company had revenue of $547.10 million for the quarter, compared to the consensus estimate of $582.19 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.49%. Sell-side analysts anticipate that Fidelis Insurance will post 2.9 EPS for the current year.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.03%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 10.10%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in Fidelis Insurance by 62.0% in the second quarter. American Century Companies Inc. now owns 3,265,564 shares of the company’s stock worth $53,261,000 after buying an additional 1,249,853 shares during the last quarter. Federated Hermes Inc. raised its holdings in Fidelis Insurance by 78.6% in the second quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company’s stock worth $17,593,000 after buying an additional 474,714 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Fidelis Insurance by 3.0% in the first quarter. Russell Investments Group Ltd. now owns 839,237 shares of the company’s stock worth $16,348,000 after buying an additional 24,063 shares during the last quarter. Boston Partners raised its holdings in Fidelis Insurance by 213.7% in the first quarter. Boston Partners now owns 714,683 shares of the company’s stock worth $13,922,000 after buying an additional 486,888 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in Fidelis Insurance by 12.8% in the third quarter. Loomis Sayles & Co. L P now owns 655,565 shares of the company’s stock worth $11,839,000 after buying an additional 74,445 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

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.