Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $20.57 Consensus Target Price from Brokerages

Fidelis Insurance Holdings Limited (NYSE:FIHL) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $20.57.

Several research firms recently commented on FIHL. Barclays dropped their price objective on Fidelis Insurance from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 20th. UBS Group increased their price objective on Fidelis Insurance from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. dropped their target price on Fidelis Insurance from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods dropped their target price on Fidelis Insurance from $25.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $16.00 target price (down from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th.

Institutional Trading of Fidelis Insurance

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIHL. American Century Companies Inc. increased its stake in Fidelis Insurance by 6.7% in the 4th quarter. American Century Companies Inc. now owns 3,577,018 shares of the company’s stock worth $64,851,000 after acquiring an additional 225,952 shares during the last quarter. Wellington Management Group LLP increased its stake in Fidelis Insurance by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,240,681 shares of the company’s stock worth $58,754,000 after acquiring an additional 162,524 shares during the last quarter. Zimmer Partners LP bought a new stake in Fidelis Insurance in the 4th quarter worth approximately $31,991,000. Citadel Advisors LLC increased its stake in Fidelis Insurance by 2,922.7% in the 4th quarter. Citadel Advisors LLC now owns 1,569,863 shares of the company’s stock worth $28,462,000 after acquiring an additional 1,517,927 shares during the last quarter. Finally, LSV Asset Management bought a new stake in Fidelis Insurance in the 4th quarter worth approximately $24,435,000. Institutional investors own 81.99% of the company’s stock.

Fidelis Insurance Trading Up 3.0 %

Fidelis Insurance stock opened at $15.60 on Friday. 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 one year low of $14.17 and a one year high of $21.32. The stock has a market capitalization of $1.74 billion, a PE ratio of 3.94 and a beta of 0.61. The business’s fifty day moving average is $15.96 and its 200 day moving average is $17.56.

Fidelis Insurance (NYSE:FIHL) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The business had revenue of $685.90 million for the quarter, compared to analysts’ expectations of $661.52 million. On average, sell-side analysts predict that Fidelis Insurance will post 3.12 EPS for the current year.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Wednesday, March 12th. Fidelis Insurance’s dividend payout ratio (DPR) is presently 42.55%.

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.