Fidelis Insurance Holdings Limited (NYSE:FIHL) Plans Quarterly Dividend of $0.15

Key Points

• $0.15 quarterly dividend declared (record date June 15, payable June 26), equating to $0.60 annually and about a 2.9% yield.
• The dividend appears well covered—Fidelis has a payout ratio of 16.0%, and analysts forecast $4.15 EPS next year (implying a future payout ratio ~14.5%).
• Recent results showed a quarterly EPS beat of $1.09 vs. $0.96 consensus but revenue missed; shares trade around $21.02 with a market cap of ~$2.03B and a P/E of 9.51, while institutional ownership is high at ~82%.

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, June 15th will be given a dividend of 0.15 per share on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, June 15th.

Fidelis Insurance has a payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fidelis Insurance to earn $4.15 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 14.5%.

Fidelis Insurance Trading Up 0.1%

Shares of NYSE FIHL traded up $0.02 during trading hours on Thursday, hitting $21.02. The company's stock had a trading volume of 477,614 shares, compared to its average volume of 420,550. Fidelis Insurance has a 12 month low of $14.80 and a 12 month high of $21.50. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 9.51 and a beta of 0.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74. The business has a 50-day simple moving average of $19.66 and a 200-day simple moving average of $19.18.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.13. The business had revenue of $600.90 million during the quarter, compared to analyst estimates of $756.14 million. Fidelis Insurance had a return on equity of 8.62% and a net margin of 9.02%. On average, analysts anticipate that Fidelis Insurance will post 3.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Franklin Resources Inc. grew its holdings in Fidelis Insurance by 0.5% in the fourth quarter. Franklin Resources Inc. now owns 95,806 shares of the company's stock worth $1,875,000 after purchasing an additional 521 shares during the period. Advisory Services Network LLC grew its stake in shares of Fidelis Insurance by 2.7% in the 2nd quarter. Advisory Services Network LLC now owns 33,472 shares of the company's stock worth $506,000 after buying an additional 882 shares during the last quarter. Optimize Financial Inc increased its position in Fidelis Insurance by 5.5% during the 3rd quarter. Optimize Financial Inc now owns 25,916 shares of the company's stock valued at $470,000 after buying an additional 1,344 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in Fidelis Insurance by 2.4% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 75,471 shares of the company's stock valued at $1,370,000 after buying an additional 1,763 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Fidelis Insurance by 20.8% during the third quarter. First Trust Advisors LP now owns 12,316 shares of the company's stock valued at $224,000 after buying an additional 2,119 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

About Fidelis Insurance

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.

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