Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $19.71 Consensus Target Price from Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) has received a consensus rating of "Hold" from the six ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $19.71.

A number of research analysts have issued reports on FIHL shares. Barclays decreased their target price on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. lowered their target price on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. UBS Group lifted their price target on shares of Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th.

Fidelis Insurance Trading Up 0.2 %

Shares of FIHL stock traded up $0.04 on Friday, reaching $16.86. The company had a trading volume of 71,789 shares, compared to its average volume of 620,418. The company has a 50-day moving average of $15.81 and a 200-day moving average of $17.03. Fidelis Insurance has a 12 month low of $14.17 and a 12 month high of $21.32. The stock has a market cap of $1.88 billion, a PE ratio of 4.26 and a beta of 0.28. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

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

Fidelis Insurance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.37%. The ex-dividend date is Monday, June 16th. Fidelis Insurance's payout ratio is 42.55%.

Institutional Investors Weigh In On Fidelis Insurance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in shares of Fidelis Insurance by 306.7% in the 3rd quarter. Barclays PLC now owns 68,184 shares of the company's stock valued at $1,231,000 after acquiring an additional 51,419 shares in the last quarter. Principal Financial Group Inc. bought a new position in Fidelis Insurance in the third quarter valued at approximately $1,144,000. Wedge Capital Management L L P NC acquired a new position in shares of Fidelis Insurance during the 4th quarter worth approximately $1,008,000. R Squared Ltd acquired a new position in shares of Fidelis Insurance during the 4th quarter worth approximately $26,000. Finally, Empowered Funds LLC boosted its holdings in shares of Fidelis Insurance by 21.9% in the 4th quarter. Empowered Funds LLC now owns 433,559 shares of the company's stock valued at $7,860,000 after buying an additional 77,851 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

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.