Fidelis Insurance Holdings Limited (NYSE:FIHL) Given Consensus Recommendation of "Moderate Buy" by Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $21.50.

A number of research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Fidelis Insurance in a research report on Tuesday, September 17th. They set a "neutral" rating and a $18.50 price target for the company. Barclays assumed coverage on Fidelis Insurance in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $21.00 price target for the company. Keefe, Bruyette & Woods upped their price objective on Fidelis Insurance from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Finally, JMP Securities restated a "market outperform" rating and issued a $24.00 price objective on shares of Fidelis Insurance in a report on Friday, August 16th.

Fidelis Insurance Stock Performance

FIHL stock traded down $0.17 during trading on Thursday, reaching $20.07. 677,765 shares of the company's stock were exchanged, compared to its average volume of 570,545. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance has a 1-year low of $11.80 and a 1-year high of $21.32. The company's fifty day moving average price is $18.63 and its 200-day moving average price is $17.68. The firm has a market cap of $2.37 billion, a PE ratio of 5.07 and a beta of 0.30.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, November 29th. Fidelis Insurance's dividend payout ratio (DPR) is presently 10.10%.

Institutional Investors Weigh In On Fidelis Insurance

A number of institutional investors and hedge funds have recently modified their holdings of FIHL. Wellington Management Group LLP raised its position in shares of Fidelis Insurance by 76.4% during the third quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company's stock worth $55,592,000 after purchasing an additional 1,332,896 shares during the period. American Century Companies Inc. raised its position in Fidelis Insurance by 62.0% during the second quarter. American Century Companies Inc. now owns 3,265,564 shares of the company's stock valued at $53,261,000 after buying an additional 1,249,853 shares during the period. Federated Hermes Inc. raised its position in Fidelis Insurance by 78.6% during the second quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company's stock valued at $17,593,000 after buying an additional 474,714 shares during the period. Vanguard Group Inc. raised its position in Fidelis Insurance by 227.4% during the first quarter. Vanguard Group Inc. now owns 562,570 shares of the company's stock valued at $10,959,000 after buying an additional 390,754 shares during the period. Finally, Ghisallo Capital Management LLC raised its position in Fidelis Insurance by 1,038.8% during the second quarter. Ghisallo Capital Management LLC now owns 400,000 shares of the company's stock valued at $6,524,000 after buying an additional 364,875 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

About Fidelis Insurance

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.