Fidelis Insurance Holdings Limited (NYSE:FIHL) Declares Dividend Increase - $0.15 Per Share

Key Points

• Fidelis Insurance Holdings Limited declared a quarterly dividend of $0.15, marking a 50% increase from the previous dividend of $0.10, with a dividend yield of 3.4%.
• The company reported earnings of $0.12 per share, surpassing estimates, with revenue of $1.22 billion for the quarter, compared to a consensus estimate of $604.62 million.
• Equities analysts have adjusted their price targets for Fidelis Insurance, with Barclays setting it at $17.00 and Keefe, Bruyette & Woods at $21.00, reflecting varying ratings from "equal weight" to "outperform".

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) announced a quarterly dividend on Wednesday, August 6th. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.15 per share on Friday, September 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 16th. This is a 50.0% increase from Fidelis Insurance's previous quarterly dividend of $0.10.

Fidelis Insurance has a payout ratio of 10.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fidelis Insurance to earn $3.81 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.5%.

Fidelis Insurance Stock Up 0.0%

Shares of NYSE FIHL traded up $0.01 during trading hours on Friday, hitting $17.77. The company had a trading volume of 253,379 shares, compared to its average volume of 640,203. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.36. Fidelis Insurance has a 1-year low of $14.17 and a 1-year high of $21.32. The stock has a market capitalization of $1.97 billion, a P/E ratio of -43.35 and a beta of 0.26. The firm's 50 day moving average is $16.63 and its 200-day moving average is $16.38.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.24. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $604.62 million. Fidelis Insurance had a negative return on equity of 1.81% and a negative net margin of 1.70%. On average, analysts expect that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.

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.