Fidelis Insurance (NYSE:FIHL) Stock Rating Reaffirmed by JMP Securities

JMP Securities reiterated their market outperform rating on shares of Fidelis Insurance (NYSE:FIHL - Free Report) in a report issued on Monday morning, Benzinga reports. JMP Securities currently has a $24.00 target price on the stock.

FIHL has been the topic of several other reports. Keefe, Bruyette & Woods lifted their target price on shares of Fidelis Insurance from $22.00 to $24.00 and gave the stock an outperform rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price objective on shares of Fidelis Insurance from $17.00 to $17.50 and gave the company a neutral rating in a research note on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $18.44.

Fidelis Insurance Stock Performance

FIHL stock traded down $0.18 during trading hours on Monday, reaching $18.32. The stock had a trading volume of 588,765 shares, compared to its average volume of 610,436. The stock has a market capitalization of $2.16 billion and a PE ratio of 0.96. 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 50-day simple moving average of $16.77 and a 200 day simple moving average of $14.44. Fidelis Insurance has a fifty-two week low of $11.55 and a fifty-two week high of $19.80.

Fidelis Insurance (NYSE:FIHL - Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.41. Fidelis Insurance had a net margin of 59.30% and a return on equity of 20.23%. The company had revenue of $553.70 million during the quarter, compared to analysts' expectations of $522.52 million. Analysts predict that Fidelis Insurance will post 3.24 EPS for the current fiscal year.

Fidelis Insurance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.10 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 2.18%. Fidelis Insurance's payout ratio is 2.10%.

Institutional Trading of Fidelis Insurance

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in Fidelis Insurance by 0.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 15,360,508 shares of the company's stock valued at $194,618,000 after buying an additional 131,657 shares during the period. Pine Brook Road Advisors L.P. bought a new position in shares of Fidelis Insurance during the 4th quarter valued at approximately $107,116,000. Citadel Advisors LLC bought a new position in shares of Fidelis Insurance during the 2nd quarter valued at approximately $49,553,000. American Century Companies Inc. grew its position in shares of Fidelis Insurance by 2.3% during the 3rd quarter. American Century Companies Inc. now owns 2,097,953 shares of the company's stock valued at $30,798,000 after acquiring an additional 47,528 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Fidelis Insurance by 29.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,392,690 shares of the company's stock valued at $17,645,000 after acquiring an additional 317,510 shares during the period. Institutional investors own 81.99% of the company's stock.

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.