Fidelis Insurance Holdings Limited (NYSE:FIHL) Given Average Recommendation of "Hold" by Brokerages

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) have received a consensus rating of "Hold" from the six analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $20.29.

A number of analysts have weighed in on FIHL shares. Keefe, Bruyette & Woods decreased their target price on shares of Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday. The Goldman Sachs Group reissued a "sell" rating and issued a $16.00 price objective (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Barclays reduced their price objective on shares of Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Fidelis Insurance from $21.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, January 3rd. Finally, UBS Group reduced their price objective on shares of Fidelis Insurance from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday.

Hedge Funds Weigh In On Fidelis Insurance

Hedge funds and other institutional investors have recently bought and sold shares of the company. 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 valued at $529,000 after purchasing an additional 661 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Fidelis Insurance by 4.4% during the third quarter. The Manufacturers Life Insurance Company now owns 18,097 shares of the company's stock valued at $327,000 after purchasing an additional 770 shares during the period. R Squared Ltd acquired a new position in shares of Fidelis Insurance during the fourth quarter valued at about $26,000. 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 valued at $433,000 after purchasing an additional 1,448 shares during the period. Finally, 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 valued at $1,656,000 after purchasing an additional 1,475 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Fidelis Insurance Price Performance

NYSE:FIHL traded down $0.86 during mid-day trading on Tuesday, reaching $14.50. The stock had a trading volume of 811,597 shares, compared to its average volume of 577,479. The stock has a 50-day simple moving average of $16.99 and a two-hundred day simple moving average of $17.91. The stock has a market capitalization of $1.71 billion, a PE ratio of 3.66 and a beta of 0.48. Fidelis Insurance has a 12 month low of $13.28 and a 12 month high of $21.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68.

Fidelis Insurance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.76%. Fidelis Insurance's payout ratio is 10.10%.

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.