Fidelis Insurance (NYSE:FIHL) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Fidelis Insurance (NYSE:FIHL - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.01), Zacks reports. Fidelis Insurance had a return on equity of 20.23% and a net margin of 59.30%. The business had revenue of $520.00 million for the quarter, compared to analyst estimates of $585.88 million.

Fidelis Insurance Stock Down 4.2 %

FIHL traded down $0.82 on Friday, hitting $18.49. 1,000,464 shares of the company were exchanged, compared to its average volume of 620,629. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 0.66. The stock's fifty day moving average is $18.79 and its 200-day moving average is $15.06. The company has a market cap of $2.18 billion and a PE ratio of 0.97. Fidelis Insurance has a 12 month low of $11.55 and a 12 month high of $20.53.

Fidelis Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, June 14th. Fidelis Insurance's dividend payout ratio is currently 2.10%.

Analyst Ratings Changes

A number of equities research analysts recently commented on FIHL shares. Keefe, Bruyette & Woods raised their price objective on shares of Fidelis Insurance from $22.00 to $24.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price target on Fidelis Insurance from $17.00 to $17.50 and gave the company a "neutral" rating in a research note on Monday, April 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $24.00 price objective on shares of Fidelis Insurance in a research report on Monday, April 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelis Insurance currently has an average rating of "Moderate Buy" and a consensus target price of $18.44.

Fidelis Insurance Company Profile

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.