Fidelis Insurance (NYSE:FIHL) Reaches New 52-Week High at $19.80

Fidelis Insurance Holdings Limited (NYSE:FIHL)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $19.80 and last traded at $19.77, with a volume of 61756 shares trading hands. The stock had previously closed at $19.61.

Wall Street Analyst Weigh In

FIHL has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their target price on Fidelis Insurance from $17.00 to $17.50 and gave the company a “neutral” rating in a report on Monday, April 8th. JMP Securities reiterated a “market outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods increased their target price on Fidelis Insurance from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.44.

Fidelis Insurance Stock Up 1.4 %

The firm has a fifty day moving average price of $17.63 and a 200-day moving average price of $14.66. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.33 billion and a price-to-earnings ratio of 1.02.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings data on Thursday, February 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.41. Fidelis Insurance had a return on equity of 20.23% and a net margin of 59.30%. The business had revenue of $553.70 million for the quarter, compared to analysts’ expectations of $522.52 million. As a group, sell-side analysts forecast that Fidelis Insurance Holdings Limited will post 3.24 EPS for the current year.

Fidelis Insurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Thursday, March 14th. Fidelis Insurance’s dividend payout ratio (DPR) is 2.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new position in Fidelis Insurance in the third quarter valued at $26,000. New York State Common Retirement Fund acquired a new position in Fidelis Insurance in the third quarter valued at $53,000. Toronto Dominion Bank acquired a new position in Fidelis Insurance in the third quarter valued at $73,000. Quantbot Technologies LP acquired a new position in Fidelis Insurance in the third quarter valued at $113,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Fidelis Insurance by 2,976.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,675 shares of the company’s stock valued at $110,000 after acquiring an additional 8,393 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.