Fidelis Insurance Holdings Limited Plans Quarterly Dividend of $0.10 (NYSE:FIHL)

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Wednesday, March 12th will be paid a dividend of 0.10 per share on Thursday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, March 12th.

Fidelis Insurance Trading Down 0.6 %

Shares of NYSE FIHL traded down $0.09 during trading hours on Tuesday, hitting $14.43. 799,837 shares of the company traded hands, compared to its average volume of 589,745. The company's 50 day moving average price is $16.74 and its 200 day moving average price is $17.88. Fidelis Insurance has a 12 month low of $14.17 and a 12 month high of $21.32. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 3.64 and a beta of 0.49. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($1.98). Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. On average, equities research analysts anticipate that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.

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Wall Street Analysts Forecast Growth

Several analysts have issued reports on FIHL shares. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group reissued a "sell" rating and set a $16.00 price target (down from $21.00) on shares of Fidelis Insurance in a research note on Wednesday, January 8th. Barclays cut their price objective on Fidelis Insurance from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 20th. UBS Group decreased their target price on Fidelis Insurance from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of Fidelis Insurance from $21.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.29.

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.