Fidelis Insurance Holdings Limited (NYSE:FIHL) Given Average Rating of "Hold" by Analysts

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

Several brokerages recently commented on FIHL. 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 research note on Wednesday, January 8th. 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 note on Wednesday, April 9th. JPMorgan Chase & Co. cut their target price on Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. UBS Group upped their price target on Fidelis Insurance from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, Barclays cut their price objective on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th.

Fidelis Insurance Stock Performance

Fidelis Insurance stock opened at $16.62 on Friday. The firm has a fifty day simple moving average of $15.69 and a two-hundred day simple moving average of $17.05. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Fidelis Insurance has a twelve month low of $14.17 and a twelve month high of $21.32. The company has a market capitalization of $1.86 billion, a PE ratio of 4.20 and a beta of 0.28.

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

Fidelis Insurance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.41%. Fidelis Insurance's dividend payout ratio (DPR) is 42.55%.

Institutional Trading of Fidelis Insurance

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. bought a new position in Fidelis Insurance during the 3rd quarter valued at approximately $1,144,000. Wedge Capital Management L L P NC bought a new position in shares of Fidelis Insurance during the fourth quarter valued at $1,008,000. Kendall Capital Management raised its position in shares of Fidelis Insurance by 128.3% in the 4th quarter. Kendall Capital Management now owns 45,460 shares of the company's stock worth $824,000 after purchasing an additional 25,545 shares during the last quarter. Raymond James Financial Inc. bought a new position in Fidelis Insurance in the 4th quarter worth about $1,142,000. Finally, Sei Investments Co. grew its position in Fidelis Insurance by 8.6% during the 4th quarter. Sei Investments Co. now owns 261,862 shares of the company's stock valued at $4,748,000 after purchasing an additional 20,829 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

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.

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