Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $21.32 and last traded at $20.49, with a volume of 154771 shares. The stock had previously closed at $18.46.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on FIHL shares. The Goldman Sachs Group assumed 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. Barclays assumed coverage on Fidelis Insurance in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $21.00 target price for the company. Evercore ISI initiated coverage on Fidelis Insurance in a report on Wednesday, July 17th. They set an "inline" rating and a $19.00 price target for the company. JMP Securities restated a "market outperform" rating and set a $24.00 price objective on shares of Fidelis Insurance in a research report on Friday, August 16th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $24.00 price objective on shares of Fidelis Insurance in a research report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $20.44.
Check Out Our Latest Research Report on FIHL
Fidelis Insurance Stock Performance
The company has a 50 day moving average price of $17.92 and a 200-day moving average price of $17.50. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.35 billion, a P/E ratio of 5.03 and a beta of -0.01.
Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.15). The firm had revenue of $547.10 million for the quarter, compared to the consensus estimate of $582.19 million. Fidelis Insurance had a return on equity of 15.49% and a net margin of 20.17%. On average, equities analysts expect that Fidelis Insurance Holdings Limited will post 2.9 earnings per share for the current fiscal year.
Fidelis Insurance Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, November 29th. Fidelis Insurance's dividend payout ratio is 10.10%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Cambridge Trust Co. bought a new position in shares of Fidelis Insurance in the first quarter valued at approximately $58,000. EntryPoint Capital LLC bought a new stake in Fidelis Insurance during the first quarter valued at $63,000. Ameritas Investment Partners Inc. boosted its stake in Fidelis Insurance by 297.6% during the first quarter. Ameritas Investment Partners Inc. now owns 6,043 shares of the company's stock valued at $118,000 after buying an additional 4,523 shares during the period. California State Teachers Retirement System lifted its stake in Fidelis Insurance by 144.4% during the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company's stock worth $119,000 after purchasing an additional 3,606 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Fidelis Insurance during the second quarter worth about $140,000. 81.99% of the stock is owned by institutional investors and hedge funds.
About Fidelis Insurance
(
Get Free Report)
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.
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