Fidelis Insurance (NYSE:FIHL) Sets New 52-Week High at $19.80

Fidelis Insurance Holdings Limited (NYSE:FIHL - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $19.80 and last traded at $19.77, with a volume of 61756 shares trading hands. The stock had previously closed at $19.61.

Analyst Ratings Changes

Several research firms have issued reports on FIHL. JMP Securities reaffirmed a "market outperform" rating and set a $24.00 price target on shares of Fidelis Insurance in a research note on Monday, April 15th. JPMorgan Chase & Co. lifted their price target on shares of Fidelis Insurance from $17.00 to $17.50 and gave the company a "neutral" rating in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods upped their price target on Fidelis Insurance from $22.00 to $24.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $18.44.

Fidelis Insurance Stock Performance

The company has a fifty day moving average of $17.50 and a 200 day moving average of $14.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $2.29 billion and a P/E ratio of 1.06.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.41. Fidelis Insurance had a return on equity of 20.23% and a net margin of 59.30%. The business had revenue of $553.70 million during the quarter, compared to analyst estimates of $522.52 million. On average, equities analysts predict that Fidelis Insurance Holdings Limited will post 3.24 earnings per share for the current fiscal year.

Fidelis Insurance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Thursday, March 14th. Fidelis Insurance's payout ratio is 2.10%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Amalgamated Bank acquired a new position in shares of Fidelis Insurance in the 3rd quarter worth $26,000. New York State Common Retirement Fund purchased a new stake in Fidelis Insurance during the third quarter valued at about $53,000. Toronto Dominion Bank purchased a new position in shares of Fidelis Insurance in the third quarter worth approximately $73,000. Quantbot Technologies LP acquired a new stake in shares of Fidelis Insurance during the third quarter valued at approximately $113,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Fidelis Insurance by 2,976.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,675 shares of the company's stock valued at $110,000 after acquiring an additional 8,393 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

About Fidelis Insurance

Fidelis Insurance Holdings Limited, together with its subsidiaries, provides insurance and reinsurance products 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.