Brokerages Set Fidelis Insurance Holdings Limited (NYSE:FIHL) PT at $20.86

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have earned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $20.86.

A number of research firms recently weighed in on FIHL. Keefe, Bruyette & Woods lowered their target price on shares of Fidelis Insurance from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Barclays lowered their price objective on Fidelis Insurance from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped 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.

Institutional Investors Weigh In On Fidelis Insurance

A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its position in shares of Fidelis Insurance by 3.9% during the second quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock worth $283,000 after purchasing an additional 649 shares in the last quarter. R Squared Ltd acquired a new position in Fidelis Insurance during the 4th quarter worth $26,000. Martingale Asset Management L P boosted its position in Fidelis Insurance by 6.7% in the 3rd quarter. Martingale Asset Management L P now owns 127,593 shares of the company’s stock valued at $2,304,000 after buying an additional 7,997 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Fidelis Insurance by 7.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 124,828 shares of the company’s stock valued at $2,254,000 after buying an additional 8,992 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Fidelis Insurance during the third quarter worth $195,000. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Trading Up 0.9 %

Shares of Fidelis Insurance stock opened at $16.49 on Friday. Fidelis Insurance has a 52-week low of $12.43 and a 52-week high of $21.32. The firm has a market capitalization of $1.94 billion, a PE ratio of 4.16 and a beta of 0.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The company’s fifty day moving average price is $18.34 and its two-hundred day moving average price is $18.04.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.43%. Fidelis Insurance’s dividend payout ratio (DPR) is presently 10.10%.

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.