Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives Consensus Recommendation of “Hold” from Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $20.67.

FIHL has been the topic of several research reports. Barclays lifted their price objective on shares of Fidelis Insurance from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Monday, July 7th. Citigroup reissued an “outperform” rating on shares of Fidelis Insurance in a report on Friday, May 16th. Keefe, Bruyette & Woods raised their target price on shares of Fidelis Insurance from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, July 1st. JMP Securities raised their target price on shares of Fidelis Insurance from $24.00 to $27.00 and gave the company a “market outperform” rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Fidelis Insurance from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th.

Institutional Investors Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Fidelis Insurance by 2.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,177 shares of the company’s stock worth $529,000 after purchasing an additional 661 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Fidelis Insurance by 6.5% during the fourth quarter. Sterling Capital Management LLC now owns 23,889 shares of the company’s stock worth $433,000 after purchasing an additional 1,448 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Fidelis Insurance by 1.6% during the fourth quarter. Invesco Ltd. now owns 91,317 shares of the company’s stock worth $1,656,000 after purchasing an additional 1,475 shares during the last quarter. Diversified Trust Co raised its holdings in shares of Fidelis Insurance by 1.1% during the second quarter. Diversified Trust Co now owns 137,441 shares of the company’s stock worth $2,279,000 after purchasing an additional 1,541 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. raised its holdings in shares of Fidelis Insurance by 0.9% during the first quarter. Uniplan Investment Counsel Inc. now owns 208,868 shares of the company’s stock worth $3,384,000 after purchasing an additional 1,793 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Fidelis Insurance Stock Performance

Shares of NYSE:FIHL opened at $15.90 on Friday. The firm has a market cap of $1.76 billion, a PE ratio of -122.28 and a beta of 0.27. The firm’s 50 day simple moving average is $16.63 and its 200-day simple moving average is $16.28. Fidelis Insurance has a one year low of $14.17 and a one year high of $21.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.68 and a current ratio of 0.68.

Fidelis Insurance (NYSE:FIHL) last issued its earnings results on Wednesday, May 14th. The company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.02. The business had revenue of $658.40 million for the quarter, compared to analyst estimates of $578.57 million. Fidelis Insurance had a negative net margin of 0.41% and a positive return on equity of 0.20%. As a group, equities analysts predict that Fidelis Insurance will post 3.12 EPS for the current year.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 16th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, June 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.52%. Fidelis Insurance’s payout ratio is currently -307.69%.

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.