Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $20.29 Consensus Target Price from Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL) has been given a consensus rating of “Hold” by the six research firms that are presently covering the firm, Marketbeat.com reports. One equities research 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 objective among brokers that have issued a report on the stock in the last year is $19.71.

Several research firms recently issued reports on FIHL. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelis Insurance from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday. Barclays reduced their price target on Fidelis Insurance from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday. UBS Group raised their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th.

Institutional Investors Weigh In On Fidelis Insurance

Several hedge funds and other institutional investors have recently modified their holdings of the stock. R Squared Ltd bought a new stake in Fidelis Insurance in the 4th quarter valued at $26,000. GAMMA Investing LLC raised its position in shares of Fidelis Insurance by 1,267.3% during the first quarter. GAMMA Investing LLC now owns 4,471 shares of the company’s stock valued at $72,000 after buying an additional 4,144 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Fidelis Insurance by 1,862.9% in the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company’s stock valued at $111,000 after buying an additional 5,831 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Fidelis Insurance during the third quarter worth about $195,000. Finally, Fox Run Management L.L.C. bought a new position in Fidelis Insurance during the fourth quarter valued at about $235,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Stock Up 0.6 %

FIHL opened at $15.61 on Wednesday. The company has a market capitalization of $1.74 billion, a PE ratio of 3.94 and a beta of 0.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. Fidelis Insurance has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. The business has a 50-day moving average of $15.63 and a 200-day moving average of $17.23.

Fidelis Insurance (NYSE:FIHL) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of $0.93 by ($1.98). The business had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. Equities research analysts forecast that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio (DPR) is currently 42.55%.

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.