Fidelis Insurance Holdings Limited (NYSE:FIHL) Announces Quarterly Dividend of $0.15

Key Points

• Fidelis declared a quarterly dividend of $0.15 per share, payable March 27 to shareholders of record March 16 (ex-dividend March 16), equal to a $0.60 annualized payout and a ~3.2% yield.
• The dividend appears well-covered with a payout ratio of 16.0%, and analysts forecast about $3.81 EPS next year, implying an expected payout ratio near 15.7%.
• Fidelis reported quarterly EPS of $1.09, beating estimates by $0.13 while revenue of $600.9M missed expectations, and analyst ratings are mixed with an average "Hold" and an average target price of $22.36.

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) declared a quarterly dividend on Thursday, February 19th. Investors of record on Monday, March 16th will be given a dividend of 0.15 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, March 16th.

Fidelis Insurance has a payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Fidelis Insurance to earn $3.81 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 15.7%.

Fidelis Insurance Stock Down 0.0%

Fidelis Insurance stock opened at $18.68 on Friday. The firm has a 50 day simple moving average of $19.15 and a 200 day simple moving average of $18.62. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. Fidelis Insurance has a 1-year low of $14.56 and a 1-year high of $20.50. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 8.45 and a beta of 0.25.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.13. The firm had revenue of $600.90 million during the quarter, compared to analyst estimates of $756.14 million. Fidelis Insurance had a return on equity of 8.62% and a net margin of 9.02%. On average, analysts predict that Fidelis Insurance will post 3.12 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on FIHL shares. Weiss Ratings upgraded shares of Fidelis Insurance from a "hold (c)" rating to a "buy (b)" rating in a research report on Friday, March 6th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $21.00 target price (up from $19.00) on shares of Fidelis Insurance in a research note on Wednesday, January 7th. UBS Group raised their price target on shares of Fidelis Insurance from $24.00 to $25.00 and gave the company a "buy" rating in a report on Monday, March 9th. Wall Street Zen lowered shares of Fidelis Insurance from a "buy" rating to a "hold" rating in a research report on Sunday, February 8th. Finally, Evercore set a $21.00 price target on shares of Fidelis Insurance in a report on Wednesday, January 7th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $22.36.

Fidelis Insurance Company Profile

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.

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