Fidelis Insurance (NYSE:FIHL) Hits New 52-Week Low - Time to Sell?

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The stock traded as low as $14.26 and last traded at $14.41, with a volume of 101250 shares changing hands. The stock had previously closed at $14.52.

Analyst Ratings Changes

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

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Fidelis Insurance Stock Up 1.1 %

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 company has a fifty day moving average price of $16.68 and a 200-day moving average price of $17.86. The stock has a market capitalization of $1.76 billion, a P/E ratio of 3.76 and a beta of 0.49.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($1.05) earnings per share for the quarter, missing the consensus estimate of $0.93 by ($1.98). Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The company had revenue of $685.90 million for the quarter, compared to the consensus estimate of $661.52 million. As a group, research analysts forecast that Fidelis Insurance Holdings Limited will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 2.69%. Fidelis Insurance's payout ratio is currently 10.10%.

Institutional Investors Weigh In On Fidelis Insurance

Several large investors have recently added to or reduced their stakes in FIHL. Principal Financial Group Inc. bought a new stake in Fidelis Insurance during the third quarter worth approximately $1,144,000. Summit Global Investments bought a new stake in Fidelis Insurance during the third quarter worth approximately $238,000. Empowered Funds LLC bought a new stake in Fidelis Insurance during the third quarter worth approximately $6,424,000. Intech Investment Management LLC bought a new position in shares of Fidelis Insurance during the third quarter valued at approximately $269,000. Finally, Foundry Partners LLC bought a new position in shares of Fidelis Insurance during the third quarter valued at approximately $5,065,000. 81.99% of the stock is owned by institutional investors.

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.