Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives Average Rating of "Hold" from Analysts

Key Points

• Fidelis Insurance Holdings Limited (NYSE:FIHL) received an average analyst rating of "Hold", with analysts providing one sell, three holds, and four buys.
• The company announced a quarterly dividend increase from $0.10 to $0.15, resulting in a 3.3% yield and a negative payout ratio of -146.34%.
• Fidelis Insurance's stock price opened at $18.16 and has a 12-month high of $21.32, with recent earnings reporting a significant revenue of $1.22 billion, surpassing analyst expectations.

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) has earned a consensus recommendation of "Hold" from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $20.6667.

FIHL has been the topic of a number of recent analyst reports. Zacks Research raised shares of Fidelis Insurance from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 11th. Keefe, Bruyette & Woods raised their price target on Fidelis Insurance from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Finally, Barclays lifted their price target on Fidelis Insurance from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th.

Institutional Investors Weigh In On Fidelis Insurance

Institutional investors and hedge funds have recently made changes to their positions in the business. North Capital Inc. acquired a new stake in Fidelis Insurance during the 2nd quarter worth approximately $33,000. Garde Capital Inc. acquired a new position in Fidelis Insurance during the first quarter worth about $62,000. GAMMA Investing LLC lifted its position in shares of Fidelis Insurance by 1,267.3% during the 1st quarter. GAMMA Investing LLC now owns 4,471 shares of the company's stock valued at $72,000 after acquiring an additional 4,144 shares during the period. Ameritas Investment Partners Inc. increased its stake in Fidelis Insurance by 15.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,088 shares of the company's stock valued at $101,000 after purchasing an additional 810 shares in the last quarter. Finally, CWM LLC boosted its position in Fidelis Insurance by 444.4% during the second quarter. CWM LLC now owns 7,131 shares of the company's stock worth $118,000 after purchasing an additional 5,821 shares in the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Fidelis Insurance Stock Up 3.4%

Shares of NYSE FIHL opened at $18.16 on Wednesday. The stock has a market cap of $2.01 billion, a P/E ratio of -44.29 and a beta of 0.26. The business's fifty day simple moving average is $16.90 and its 200-day simple moving average is $16.54. Fidelis Insurance has a 12-month low of $14.17 and a 12-month high of $21.32. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.24. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations 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, equities analysts predict that Fidelis Insurance will post 3.12 EPS for the current fiscal year.

Fidelis Insurance Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, September 16th were given a $0.15 dividend. This is a positive change from Fidelis Insurance's previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, September 16th. This represents a $0.60 annualized dividend and a yield of 3.3%. Fidelis Insurance's payout ratio is currently -146.34%.

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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