Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $20.29 Consensus Target Price from Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) has received a consensus rating of "Hold" from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment 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 target price among brokerages that have covered the stock in the last year is $19.71.

FIHL has been the topic of several analyst reports. Barclays reduced their price target on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Friday. The Goldman Sachs Group restated a "sell" rating and issued a $16.00 target price (down previously from $21.00) on shares of Fidelis Insurance in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price target on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday. UBS Group boosted their price objective on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th.

Fidelis Insurance Trading Up 0.6 %

Fidelis Insurance stock traded up $0.09 during trading on Wednesday, reaching $15.61. 506,493 shares of the company were exchanged, compared to its average volume of 580,179. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The stock's 50 day simple moving average is $15.63 and its two-hundred day simple moving average is $17.23. The company has a market capitalization of $1.74 billion, a P/E ratio of 3.94 and a beta of 0.28. Fidelis Insurance has a 52-week low of $14.17 and a 52-week high of $21.32.

Remove Ads

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) earnings per share (EPS) 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%. The firm had revenue of $685.90 million during the quarter, compared to analysts' expectations of $661.52 million. On average, equities research analysts expect that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 2.56%. Fidelis Insurance's dividend payout ratio is presently 42.55%.

Institutional Investors Weigh In On Fidelis Insurance

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. purchased a new stake in shares of Fidelis Insurance during the third quarter worth $1,144,000. Barclays PLC increased its holdings in Fidelis Insurance by 306.7% during the 3rd quarter. Barclays PLC now owns 68,184 shares of the company's stock worth $1,231,000 after purchasing an additional 51,419 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Fidelis Insurance in the 3rd quarter valued at about $732,000. Wedge Capital Management L L P NC acquired a new position in shares of Fidelis Insurance during the fourth quarter worth about $1,008,000. Finally, Kendall Capital Management increased its stake in shares of Fidelis Insurance by 128.3% during the fourth quarter. Kendall Capital Management now owns 45,460 shares of the company's stock worth $824,000 after buying an additional 25,545 shares during the period. 81.99% of the stock is currently 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.