Fidelis Insurance (NYSE:FIHL) Announces Earnings Results, Misses Expectations By $1.98 EPS

Fidelis Insurance (NYSE:FIHL - Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($1.05) EPS for the quarter, missing the consensus estimate of $0.93 by ($1.98), Zacks reports. Fidelis Insurance had a return on equity of 15.27% and a net margin of 20.17%. The business had revenue of $685.90 million during the quarter, compared to analysts' expectations of $661.52 million.

Fidelis Insurance Trading Down 1.2 %

Shares of NYSE FIHL traded down $0.18 on Friday, reaching $14.68. 629,127 shares of the company traded hands, compared to its average volume of 610,208. Fidelis Insurance has a fifty-two week low of $14.17 and a fifty-two week high of $21.32. The company has a 50 day moving average of $16.56 and a 200 day moving average of $17.82. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.73 billion, a PE ratio of 3.71 and a beta of 0.48.

Fidelis Insurance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, March 12th. Fidelis Insurance's dividend payout ratio is currently 42.55%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FIHL shares. JPMorgan Chase & Co. decreased their price objective on shares of 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 reduced their target price on shares of Fidelis Insurance from $25.00 to $22.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. UBS Group reduced their target price on shares of Fidelis Insurance from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Barclays reduced their target price on shares of 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 restated 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 assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.29.

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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.