Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $20.14 Average Price Target from Analysts

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report) has been given a consensus recommendation of "Hold" by the seven analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.14.

FIHL has been the subject of a number of research reports. Barclays lowered 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 note on Friday, April 11th. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelis Insurance from $22.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Citigroup reaffirmed an "outperform" rating on shares of Fidelis Insurance in a research note on Friday, May 16th. JMP Securities upped 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 note on Friday, May 16th. Finally, UBS Group upped their price objective 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 Trading Up 3.7%

Shares of NYSE FIHL traded up $0.58 during mid-day trading on Monday, reaching $16.32. The company had a trading volume of 638,624 shares, compared to its average volume of 567,928. The business's 50-day moving average is $16.73 and its 200-day moving average is $16.50. 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 stock has a market cap of $1.81 billion, a price-to-earnings ratio of -125.56 and a beta of 0.34. Fidelis Insurance has a 52 week low of $14.17 and a 52 week 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) EPS for the quarter, topping analysts' consensus estimates of ($0.43) by $0.02. Fidelis Insurance had a negative net margin of 0.41% and a positive return on equity of 0.20%. The firm had revenue of $658.40 million for the quarter, compared to analysts' expectations of $578.57 million. Equities analysts expect that Fidelis Insurance will post 3.12 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The company 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 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Monday, June 16th. Fidelis Insurance's payout ratio is -307.69%.

Institutional Trading of Fidelis Insurance

Hedge funds have recently modified their holdings of the company. Garde Capital Inc. purchased a new stake in shares of Fidelis Insurance during the first quarter valued at about $62,000. GAMMA Investing LLC lifted 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 buying an additional 4,144 shares during the last quarter. Venturi Wealth Management LLC lifted 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 buying an additional 5,831 shares during the last quarter. Fiduciary Family Office LLC purchased a new stake in shares of Fidelis Insurance during the first quarter valued at about $162,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Fidelis Insurance in the 1st quarter valued at approximately $181,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

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.