Fidelis Insurance Holdings Limited (NYSE:FIHL) Given Average Recommendation of “Hold” by Analysts

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $21.1429.

FIHL has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelis Insurance in a research note on Monday, December 8th. Evercore ISI lifted their target price on Fidelis Insurance from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, November 13th. UBS Group upped their price target on Fidelis Insurance from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, November 17th. The Goldman Sachs Group raised their price objective on Fidelis Insurance from $16.50 to $17.00 and gave the stock a “sell” rating in a research report on Wednesday, November 19th. Finally, Barclays upped their target price on Fidelis Insurance from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th.

Fidelis Insurance Stock Performance

Fidelis Insurance stock opened at $19.03 on Monday. The business has a 50 day moving average of $18.49 and a 200-day moving average of $17.35. The company has a market capitalization of $2.11 billion, a P/E ratio of -380.68 and a beta of 0.25. Fidelis Insurance has a 1 year low of $14.17 and a 1 year high of $19.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.74 and a quick ratio of 0.74.

Fidelis Insurance (NYSE:FIHL) last posted its earnings results on Wednesday, November 12th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02. Fidelis Insurance had a negative net margin of 0.56% and a negative return on equity of 0.94%. The firm had revenue of $651.90 million for the quarter, compared to analyst estimates of $676.79 million. On average, equities research analysts predict that Fidelis Insurance will post 3.12 earnings per share for the current year.

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, December 10th. This represents a $0.60 annualized dividend and a dividend yield of 3.2%. Fidelis Insurance’s dividend payout ratio is -1,200.00%.

Institutional Trading of Fidelis Insurance

A number of institutional investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. grew its holdings in Fidelis Insurance by 26.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 466,233 shares of the company’s stock worth $8,462,000 after acquiring an additional 97,545 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of Fidelis Insurance during the 3rd quarter valued at about $748,000. Public Employees Retirement System of Ohio boosted its position in shares of Fidelis Insurance by 11.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 74,747 shares of the company’s stock valued at $1,357,000 after purchasing an additional 7,746 shares in the last quarter. Millennium Management LLC grew its stake in Fidelis Insurance by 113.9% during the third quarter. Millennium Management LLC now owns 924,380 shares of the company’s stock worth $16,777,000 after purchasing an additional 492,253 shares during the period. Finally, Lighthouse Investment Partners LLC increased its holdings in Fidelis Insurance by 181.6% in the third quarter. Lighthouse Investment Partners LLC now owns 94,535 shares of the company’s stock worth $1,716,000 after purchasing an additional 60,964 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

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.