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

Fidelis Insurance Holdings Limited (NYSE:FIHL) has received an average rating of “Hold” from the ten brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $22.3571.

Several equities research analysts have recently commented on FIHL shares. Weiss Ratings raised Fidelis Insurance from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, March 6th. Wall Street Zen lowered shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. The Goldman Sachs Group set a $17.50 price target on Fidelis Insurance in a research note on Saturday, January 17th. Evercore set a $21.00 price objective on shares of Fidelis Insurance in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $21.00 price objective (up from $19.00) on shares of Fidelis Insurance in a report on Wednesday, January 7th.

Fidelis Insurance Trading Down 0.2%

Shares of FIHL stock opened at $19.02 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. The stock has a 50-day simple moving average of $19.13 and a 200 day simple moving average of $18.71. Fidelis Insurance has a fifty-two week low of $14.67 and a fifty-two week high of $20.50. The stock has a market capitalization of $1.84 billion, a P/E ratio of 8.61 and a beta of 0.25.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.13. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. The company had revenue of $600.90 million during the quarter, compared to analyst estimates of $756.14 million. On average, sell-side analysts expect that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance declared that its board has approved a share repurchase program on Friday, February 20th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 18% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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 issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, March 16th. Fidelis Insurance’s dividend payout ratio (DPR) is 27.15%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in shares of Fidelis Insurance by 62.1% in the first quarter. Royal Bank of Canada now owns 15,988 shares of the company’s stock worth $258,000 after acquiring an additional 6,124 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Fidelis Insurance by 41.2% in the first quarter. AQR Capital Management LLC now owns 74,025 shares of the company’s stock valued at $1,199,000 after buying an additional 21,590 shares during the period. Millennium Management LLC grew its position in Fidelis Insurance by 4.0% during the first quarter. Millennium Management LLC now owns 859,192 shares of the company’s stock worth $13,919,000 after buying an additional 33,420 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Fidelis Insurance by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 896,089 shares of the company’s stock valued at $14,517,000 after acquiring an additional 320,242 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Fidelis Insurance by 177.3% in the 1st quarter. Jane Street Group LLC now owns 103,332 shares of the company’s stock valued at $1,674,000 after acquiring an additional 66,063 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

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.