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

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) has been assigned an average recommendation of "Hold" from the seven ratings firms that are covering the firm, MarketBeat reports. One equities research 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 1 year price target among analysts that have covered the stock in the last year is $20.14.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Fidelis Insurance from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. JMP Securities raised their price objective on shares of Fidelis Insurance from $24.00 to $27.00 and gave the stock a "market outperform" rating in a research report on Friday, May 16th. Barclays cut their price objective on shares of Fidelis Insurance from $18.00 to $16.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Citigroup restated an "outperform" rating on shares of Fidelis Insurance in a research report on Friday, May 16th. Finally, UBS Group raised their price objective on shares of Fidelis Insurance from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, March 7th.

Institutional Investors Weigh In On Fidelis Insurance

A number of institutional investors have recently made changes to their positions in FIHL. Garde Capital Inc. acquired a new stake in shares of Fidelis Insurance during the first quarter valued at about $62,000. GAMMA Investing LLC increased 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 valued at $72,000 after acquiring an additional 4,144 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of 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 during the last quarter. Fiduciary Family Office LLC acquired a new stake in shares of Fidelis Insurance during the first quarter valued at about $162,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Fidelis Insurance during the first quarter valued at about $181,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Fidelis Insurance Stock Performance

NYSE:FIHL opened at $15.95 on Monday. The company's 50-day moving average price is $16.74 and its 200-day moving average price is $16.56. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.76 billion, a P/E ratio of -122.65 and a beta of 0.34. Fidelis Insurance has a twelve month low of $14.17 and a twelve month high of $21.32.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted 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 firm had revenue of $658.40 million for the quarter, compared to the consensus estimate of $578.57 million. Fidelis Insurance had a negative net margin of 0.41% and a positive return on equity of 0.20%. On average, sell-side analysts forecast that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Monday, June 16th. Fidelis Insurance's dividend payout ratio is presently -307.69%.

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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