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

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have earned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $22.2143.

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $21.00 price objective (up from $19.00) on shares of Fidelis Insurance in a report on Wednesday, January 7th. UBS Group lifted their target price on Fidelis Insurance from $23.00 to $24.00 and gave the company a “buy” rating in a report on Monday, November 17th. Keefe, Bruyette & Woods increased their price objective on Fidelis Insurance from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Evercore set a $21.00 price target on shares of Fidelis Insurance in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group set a $17.50 target price on Fidelis Insurance in a research note on Saturday, January 17th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Cooperman Leon G boosted its stake in shares of Fidelis Insurance by 14.8% in the 3rd quarter. Cooperman Leon G now owns 6,662,469 shares of the company’s stock worth $120,924,000 after buying an additional 856,413 shares during the last quarter. LSV Asset Management grew its position in shares of Fidelis Insurance by 46.1% during the 4th quarter. LSV Asset Management now owns 4,377,732 shares of the company’s stock valued at $85,672,000 after acquiring an additional 1,382,352 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Fidelis Insurance by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,787,134 shares of the company’s stock worth $54,545,000 after purchasing an additional 163,628 shares in the last quarter. Royce & Associates LP raised its holdings in Fidelis Insurance by 2,333.5% in the 3rd quarter. Royce & Associates LP now owns 1,591,259 shares of the company’s stock worth $28,881,000 after purchasing an additional 1,525,868 shares during the period. Finally, Loomis Sayles & Co. L P raised its holdings in Fidelis Insurance by 12.2% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,303,167 shares of the company’s stock worth $21,607,000 after purchasing an additional 142,089 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Fidelis Insurance Price Performance

FIHL opened at $19.07 on Friday. Fidelis Insurance has a 1 year low of $14.39 and a 1 year high of $20.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 8.63 and a beta of 0.25. The firm’s fifty day moving average price is $19.27 and its two-hundred day moving average price is $18.50.

Fidelis Insurance (NYSE:FIHL) last released its earnings results on Wednesday, February 25th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.13. Fidelis Insurance had a return on equity of 8.65% and a net margin of 9.02%.The company had revenue of $978.20 million during the quarter, compared to analyst estimates of $756.14 million. As a group, analysts anticipate that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 16th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, March 16th. Fidelis Insurance’s payout ratio is presently 27.15%.

Fidelis Insurance declared that its Board of Directors has initiated a share repurchase plan on Friday, February 20th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 18% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.