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

Key Points

• Fidelis Insurance Holdings Limited (NYSE:FIHL) has received a consensus rating of "Hold" from nine brokerages, with one sell recommendation, four holds, and four buys.
• The company recently announced an increase in its quarterly dividend to $0.15, reflecting a 3.3% dividend yield based on the annualized payout.
• Fidelis reported a positive earnings surprise for the last quarter, achieving $0.12 EPS against an estimate of ($0.12), while the revenue reached $1.22 billion.

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) has received a consensus rating of "Hold" from the nine brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $20.7143.

A number of equities research analysts have recently weighed in on FIHL shares. Zacks Research upgraded Fidelis Insurance from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 11th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Fidelis Insurance in a research report on Saturday. Barclays lifted their price objective on Fidelis Insurance from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 8th. Evercore ISI reiterated a "mixed" rating on shares of Fidelis Insurance in a research report on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods lifted their price objective on Fidelis Insurance from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st.

Fidelis Insurance Price Performance

FIHL opened at $18.26 on Friday. The stock's 50 day simple moving average is $17.71 and its 200 day simple moving average is $16.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.71 and a quick ratio of 0.71. Fidelis Insurance has a 1 year low of $14.17 and a 1 year high of $21.32. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -44.52 and a beta of 0.28.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.24. The business 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%. As a group, analysts predict that Fidelis Insurance will post 3.12 earnings per share for the current year.

Fidelis Insurance Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, September 16th. This is a boost from Fidelis Insurance's previous quarterly dividend of $0.10. Fidelis Insurance's dividend payout ratio (DPR) is -146.34%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FIHL. LSV Asset Management lifted its stake in shares of Fidelis Insurance by 87.7% in the 1st quarter. LSV Asset Management now owns 2,529,195 shares of the company's stock valued at $40,973,000 after purchasing an additional 1,181,439 shares during the period. Cooperman Leon G lifted its stake in shares of Fidelis Insurance by 27.5% in the 1st quarter. Cooperman Leon G now owns 4,799,778 shares of the company's stock valued at $77,756,000 after purchasing an additional 1,036,019 shares during the period. Nuveen LLC purchased a new position in shares of Fidelis Insurance in the 1st quarter valued at approximately $12,862,000. JPMorgan Chase & Co. lifted its stake in shares of Fidelis Insurance by 332.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 937,527 shares of the company's stock valued at $15,544,000 after purchasing an additional 720,734 shares during the period. Finally, Doma Perpetual Capital Management LLC purchased a new position in shares of Fidelis Insurance in the 1st quarter valued at approximately $7,551,000. Hedge funds and other institutional investors own 81.99% of the company's stock.

About Fidelis Insurance

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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