Analysts Set Fidelis Insurance Holdings Limited (NYSE:FIHL) Target Price at $20.44

Fidelis Insurance Holdings Limited (NYSE:FIHL) has received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $20.44.

A number of research analysts recently issued reports on the company. JMP Securities restated a “market outperform” rating and set a $24.00 price target on shares of Fidelis Insurance in a report on Friday, August 16th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $24.00 price target on shares of Fidelis Insurance in a report on Friday, August 16th. The Goldman Sachs Group started coverage on Fidelis Insurance in a report on Tuesday, September 17th. They set a “neutral” rating and a $18.50 target price on the stock. Barclays started coverage on Fidelis Insurance in a report on Wednesday, September 4th. They set an “equal weight” rating and a $21.00 target price on the stock. Finally, 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.

Fidelis Insurance Stock Down 2.3 %

Shares of NYSE:FIHL opened at $17.34 on Wednesday. Fidelis Insurance has a 1 year low of $11.55 and a 1 year high of $20.53. The company has a market cap of $2.04 billion, a PE ratio of 4.21 and a beta of -0.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.65 and a quick ratio of 0.65. The stock’s 50-day moving average is $18.09 and its 200 day moving average is $17.62.

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

Fidelis Insurance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.31%. Fidelis Insurance’s dividend payout ratio is currently 9.71%.

Institutional Trading of Fidelis Insurance

A number of hedge funds have recently made changes to their positions in the stock. Cambridge Trust Co. bought a new position in Fidelis Insurance in the 1st quarter valued at approximately $58,000. EntryPoint Capital LLC bought a new position in Fidelis Insurance in the 1st quarter valued at approximately $63,000. Ameritas Investment Partners Inc. lifted its position in Fidelis Insurance by 297.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 6,043 shares of the company’s stock valued at $118,000 after acquiring an additional 4,523 shares in the last quarter. California State Teachers Retirement System lifted its position in Fidelis Insurance by 144.4% in the 1st quarter. California State Teachers Retirement System now owns 6,103 shares of the company’s stock valued at $119,000 after acquiring an additional 3,606 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Fidelis Insurance in the 2nd quarter valued at approximately $140,000. 81.99% of the stock is owned by 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.