Fidelis Insurance Holdings Limited (NYSE:FIHL) Receives $19.94 Average Target Price from Analysts

Shares of Fidelis Insurance Holdings Limited (NYSE:FIHL) have earned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $19.94.

A number of analysts have recently commented on FIHL shares. Evercore ISI started coverage on Fidelis Insurance in a report on Wednesday, July 17th. They issued an “inline” rating and a $19.00 price target on the stock. The Goldman Sachs Group started coverage on Fidelis Insurance in a report on Tuesday, September 17th. They issued a “neutral” rating and a $18.50 price target on the stock. Barclays started coverage on Fidelis Insurance in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $21.00 price target on the stock. JPMorgan Chase & Co. upped their target price on Fidelis Insurance from $18.50 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, JMP Securities reiterated a “market outperform” rating and set a $24.00 target price on shares of Fidelis Insurance in a report on Friday, August 16th.

Fidelis Insurance Stock Performance

FIHL stock opened at $18.22 on Friday. The business’s 50-day moving average price is $17.84 and its two-hundred day moving average price is $17.76. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.15 billion, a PE ratio of 4.42 and a beta of -0.10. Fidelis Insurance has a 1-year low of $11.55 and a 1-year high of $20.53.

Fidelis Insurance (NYSE:FIHL) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.15). The firm had revenue of $547.10 million during the quarter, compared to the consensus estimate of $582.19 million. Fidelis Insurance had a net margin of 20.96% and a return on equity of 15.67%. As a group, research analysts forecast that Fidelis Insurance will post 2.94 earnings per share for the current year.

Fidelis Insurance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, September 16th. This represents a $0.40 annualized dividend and a yield of 2.20%. Fidelis Insurance’s payout ratio is presently 9.71%.

Hedge Funds Weigh In On Fidelis Insurance

A number of institutional investors have recently bought and sold shares of FIHL. Cambridge Trust Co. acquired a new position in Fidelis Insurance during the first quarter worth approximately $58,000. EntryPoint Capital LLC acquired a new position in Fidelis Insurance during the first quarter worth approximately $63,000. Ameritas Investment Partners Inc. increased its position in Fidelis Insurance by 297.6% during the first quarter. Ameritas Investment Partners Inc. now owns 6,043 shares of the company’s stock worth $118,000 after buying an additional 4,523 shares during the last quarter. California State Teachers Retirement System increased its position in Fidelis Insurance by 144.4% during the first quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock worth $119,000 after buying an additional 3,606 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Fidelis Insurance during the second quarter worth approximately $140,000. Institutional investors and hedge funds 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.