Analysts Set Fidelis Insurance Holdings Limited (NYSE:FIHL) Target Price at $21.50

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $21.50.

A number of brokerages recently commented on FIHL. Barclays assumed coverage on shares of Fidelis Insurance in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price target on the stock. Keefe, Bruyette & Woods upped their target price on Fidelis Insurance from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. JMP Securities reissued a “market outperform” rating and set a $24.00 price target on shares of Fidelis Insurance in a report on Friday, August 16th. Finally, The Goldman Sachs Group assumed coverage on Fidelis Insurance in a report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price objective on the stock.

Fidelis Insurance Trading Down 1.7 %

FIHL stock opened at $19.73 on Thursday. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 4.98 and a beta of 0.30. The company has a fifty day moving average price of $18.66 and a two-hundred day moving average price of $17.69. Fidelis Insurance has a one year low of $11.80 and a one year high of $21.32. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.03%. Fidelis Insurance’s payout ratio is 10.10%.

Institutional Investors Weigh In On Fidelis Insurance

A number of large investors have recently bought and sold shares of FIHL. The Manufacturers Life Insurance Company raised its holdings in shares of Fidelis Insurance by 3.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,327 shares of the company’s stock worth $283,000 after buying an additional 649 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Fidelis Insurance by 4.4% during the third quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company’s stock worth $327,000 after acquiring an additional 770 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Fidelis Insurance by 144.4% in the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock worth $119,000 after acquiring an additional 3,606 shares during the last quarter. Prospector Partners LLC lifted its holdings in shares of Fidelis Insurance by 0.6% in the second quarter. Prospector Partners LLC now owns 577,628 shares of the company’s stock worth $9,421,000 after acquiring an additional 3,710 shares during the last quarter. Finally, Martingale Asset Management L P boosted its stake in shares of 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 purchasing an additional 7,997 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.