Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $20.14 Consensus Target Price from Brokerages

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) have been assigned a consensus rating of "Hold" from the seven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $20.14.

FIHL has been the topic of a number of recent research reports. Citigroup reaffirmed an "outperform" rating on shares of Fidelis Insurance in a report on Friday, May 16th. Barclays decreased their price objective on Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Keefe, Bruyette & Woods lowered their price objective on Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price objective 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. Finally, UBS Group raised their target price on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, March 7th.

Fidelis Insurance Stock Performance

Shares of NYSE:FIHL traded up $0.28 during trading on Thursday, hitting $17.48. The company's stock had a trading volume of 733,147 shares, compared to its average volume of 551,210. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 4.41 and a beta of 0.28. The company has a 50-day moving average of $16.43 and a 200-day moving average of $16.96. Fidelis Insurance has a 12 month low of $14.17 and a 12 month high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.02. The business had revenue of $658.40 million for the quarter, compared to the consensus estimate of $578.57 million. Fidelis Insurance had a net margin of 20.17% and a return on equity of 15.27%. On average, sell-side analysts expect 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 given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Monday, June 16th. Fidelis Insurance's dividend payout ratio is currently -307.69%.

Institutional Trading of Fidelis Insurance

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in Fidelis Insurance during the 4th quarter valued at approximately $26,000. Garde Capital Inc. bought a new position in shares of Fidelis Insurance during the first quarter worth $62,000. GAMMA Investing LLC boosted its position in shares of Fidelis Insurance by 1,267.3% during the first quarter. GAMMA Investing LLC now owns 4,471 shares of the company's stock worth $72,000 after acquiring an additional 4,144 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Fidelis Insurance by 1,862.9% during the fourth quarter. Venturi Wealth Management LLC now owns 6,144 shares of the company's stock valued at $111,000 after acquiring an additional 5,831 shares in the last quarter. Finally, Fiduciary Family Office LLC bought a new stake in Fidelis Insurance in the 1st quarter valued at $162,000. 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.