Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.50.

A number of research firms have recently commented on FIHL. Barclays began coverage on Fidelis Insurance in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $21.00 price target on the stock. Keefe, Bruyette & Woods raised their target price on shares of Fidelis Insurance from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group initiated coverage on shares of Fidelis Insurance in a report on Tuesday, September 17th. They issued a "neutral" rating and a $18.50 price target for the company.

Institutional Trading of Fidelis Insurance

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP raised its holdings in Fidelis Insurance by 76.4% during the third quarter. Wellington Management Group LLP now owns 3,078,157 shares of the company's stock worth $55,592,000 after acquiring an additional 1,332,896 shares in the last quarter. 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 worth $53,261,000 after purchasing an additional 1,249,853 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 valued at $17,593,000 after buying an additional 474,714 shares during the last quarter. Ghisallo Capital Management LLC grew its stake in shares of Fidelis Insurance by 1,038.8% in the second quarter. Ghisallo Capital Management LLC now owns 400,000 shares of the company's stock valued at $6,524,000 after buying an additional 364,875 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in Fidelis Insurance during the third quarter worth $6,424,000. Institutional investors own 81.99% of the company's stock.

Fidelis Insurance Trading Up 0.7 %

Fidelis Insurance stock traded up $0.12 during mid-day trading on Monday, hitting $17.73. 382,031 shares of the company's stock were exchanged, compared to its average volume of 562,891. Fidelis Insurance has a fifty-two week low of $11.80 and a fifty-two week high of $21.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.09 billion, a P/E ratio of 4.48 and a beta of 0.30. The company's 50 day simple moving average is $18.79 and its 200-day simple moving average is $17.96.

Fidelis Insurance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.26%. Fidelis Insurance's dividend payout ratio is currently 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.