Analysts Set Fidelis Insurance Holdings Limited (NYSE:FIHL) Price Target at $20.57

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) have received a consensus recommendation of "Hold" from the six research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $20.57.

Several equities research analysts have commented on FIHL shares. The Goldman Sachs Group restated a "sell" rating and issued a $16.00 price target (down previously from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered 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. UBS Group raised their price objective on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Barclays lowered 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, February 20th. Finally, Keefe, Bruyette & Woods lowered their price objective 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, February 20th.

Fidelis Insurance Stock Performance

NYSE FIHL traded down $0.30 during trading hours on Friday, reaching $15.27. The company's stock had a trading volume of 516,859 shares, compared to its average volume of 548,462. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $15.96 and a 200 day simple moving average of $17.56. Fidelis Insurance has a 52 week low of $14.17 and a 52 week high of $21.32. The stock has a market cap of $1.71 billion, a PE ratio of 3.85 and a beta of 0.61.

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Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($1.05) EPS for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. The firm had revenue of $685.90 million during the quarter, compared to analyst estimates of $661.52 million. Equities research analysts predict that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Wednesday, March 12th. Fidelis Insurance's dividend payout ratio is 42.55%.

Hedge Funds Weigh In On Fidelis Insurance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIHL. Principal Financial Group Inc. acquired a new position in Fidelis Insurance in the 3rd quarter worth approximately $1,144,000. Empowered Funds LLC acquired a new position in Fidelis Insurance in the 3rd quarter worth approximately $6,424,000. Intech Investment Management LLC acquired a new position in Fidelis Insurance in the 3rd quarter worth approximately $269,000. Foundry Partners LLC acquired a new position in Fidelis Insurance in the 3rd quarter worth approximately $5,065,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Fidelis Insurance by 7.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 124,828 shares of the company's stock worth $2,254,000 after purchasing an additional 8,992 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

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.