Fidelis Insurance Holdings Limited (NYSE:FIHL) Given Consensus Rating of "Hold" by Analysts

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) have been assigned an average rating of "Hold" from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $20.44.

Several equities analysts recently issued reports on FIHL shares. Evercore ISI started coverage on Fidelis Insurance in a research report on Wednesday, July 17th. They issued an "inline" rating and a $19.00 price objective for the company. The Goldman Sachs Group started coverage on Fidelis Insurance in a research note on Tuesday, September 17th. They issued a "neutral" rating and a $18.50 price target on the stock. JMP Securities reissued a "market outperform" rating and set a $24.00 target price on shares of Fidelis Insurance in a report on Friday, August 16th. Barclays started coverage on Fidelis Insurance in a report on Wednesday, September 4th. They set an "equal weight" rating and a $21.00 target price on the stock. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and set a $24.00 target price on shares of Fidelis Insurance in a report on Friday, August 16th.

Institutional Trading of Fidelis Insurance

Several hedge funds have recently made changes to their positions in FIHL. American Century Companies Inc. raised its stake in shares of Fidelis Insurance by 62.0% during the 2nd quarter. American Century Companies Inc. now owns 3,265,564 shares of the company's stock valued at $53,261,000 after purchasing an additional 1,249,853 shares during the period. Boston Partners boosted its holdings in shares of Fidelis Insurance by 213.7% in the 1st quarter. Boston Partners now owns 714,683 shares of the company's stock worth $13,922,000 after purchasing an additional 486,888 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Fidelis Insurance by 78.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,078,668 shares of the company's stock worth $17,593,000 after purchasing an additional 474,714 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Fidelis Insurance by 227.4% in the 1st quarter. Vanguard Group Inc. now owns 562,570 shares of the company's stock worth $10,959,000 after purchasing an additional 390,754 shares in the last quarter. Finally, Ghisallo Capital Management LLC boosted its holdings in shares of Fidelis Insurance by 1,038.8% in the 2nd quarter. Ghisallo Capital Management LLC now owns 400,000 shares of the company's stock worth $6,524,000 after purchasing an additional 364,875 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Fidelis Insurance Price Performance

Shares of FIHL stock traded up $0.48 during trading hours on Friday, reaching $18.57. 334,721 shares of the company were exchanged, compared to its average volume of 269,841. Fidelis Insurance has a fifty-two week low of $11.55 and a fifty-two week high of $20.53. The stock's fifty day moving average is $17.88 and its two-hundred day moving average is $17.50. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 4.86 and a beta of -0.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.65.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.15). Fidelis Insurance had a return on equity of 15.67% and a net margin of 20.96%. The company had revenue of $547.10 million for the quarter, compared to analyst estimates of $582.19 million. Sell-side analysts forecast that Fidelis Insurance will post 2.9 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.15%. Fidelis Insurance's payout ratio is 10.47%.

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.